…armchair-sourced fairy tale has been resoundingly debunked — that’s not how money (or even currency) emerged, and the Adam Smithian butcher/baker barter-exchange economy has never existed. Credit money — first…

…shown were the equivalent of a deposit account for the shadow banking system. The disappearance of safe assets therefore means the disappearance of money for the shadow banking system. Emphasis…

…make big money on investments, you can find something other than your Social Security money to invest and risk. Then if the unthinkable happens and your investments fall through, or…

…the jump. Does anyone else remember when money market funds were new ? Anyone else vague on the difference between a money market fund and a money market account ?…

…it a bargain. They will get that money back about twice over in real dollars, in the form of Social Security checks when they will need the money more than…

…making money. They won’t enable people who are not making money to spend more. But hey, that’s not the point: the point is to get more money into the hands…

…the effect of money on political success, but usually assume that correlation is causation. I think that three major party candidates have seriously hurt themselves while raising money from rich…

…do so. It would seem there should be more money coming forth from companies who promoted its use. If we go back and read the Jink and Porter letter misused…

…which means the federal government must borrow money to cover its expenses. Deficit and Debt: What are they? A deficit occurs when the federal government spends more money in a…

…with cash on demand even while investing most of that money in loans and other assets that could not be liquidated quickly except, possibly, at fire-sale prices. Normally the disconnect…