What is Money? The History of Money and Capital Allocation
In the last two years alone, the United States government has increased the money supply by more than 37%, thereby devaluing the US dollar for every person and country who relies on it as a store of value for conducting daily business.
As asset prices have increased correspondingly with the inflated money supply, we now see scrutiny from politicians about what ‘fair share’ is. Some politicians have gone so far to propose that wealth taxes be enacted to capture unrealized gains from high net-worth individuals.
The regressive effects of inflation have kicked in across the country, and we have so many differing opinions on sovereignty, taxation, and money.
All of these beg the question - what is money?
Comments ()