Topic Tag Archive

Tag 63

Collection of philosophical dialogues, essays, and analysis focusing on Tag 63.

2 Essays in Topic

Introduction to the Theory of Money Part 1

By Tae-Sik • July 27, 2020 • ~7 min read

Money and currency is our medium for the exchange of goods and services. In the US, we use dollars. It is printed and regulated by the US Government. It is divisible, scarce, durable, portable, difficult to counterfeit, universally accepted, and stable. The value of a nation’s currency is correlated to its scarcity and wide acceptability. […]

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Money Creation, Fractional Reserve Banking & Central Banks

By Tae-Sik • June 29, 2023 • ~23 min read

Sovereign governments have the power to print their own currency. Governments authorize their Central Banks to manage their fiat currency. Central Banks have the authority to create money. Central Banks can create money that increase the money supply and money available for financial transactions. More money in the system is inflationary in nature. Inflation is […]

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