What is Money?

According to Wikipedia, money is any item of verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. As a practical matter, money is what the government says it is, or isn’t. The People’s Bank of China recently said … Continued

Currencies For Dummies

Currency is typically defined as a system of money in general use in a particular country.  This is the case in most countries today.  Historically, periods of exceptional turmoil or circumstances, such as WW II, have given rise to reversions to barter and tangible substitutes for currency. In some instances, even today, individuals have sought … Continued

The Crypto Conundrum

The conundrum facing current and potential investors in crypto currencies is, valuation.  Bitcoin does not derive its value from any assets or earnings.  Hence, the value depends entirely on what an investor is willing to pay for it.  Valuation metrics for more established investment vehicles have been fairly well established. Bond valuations are based on … Continued