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Money

Money is a widely accepted form of payment for goods and services. It serves as a medium of exchange, a store of value, a unit of account, and standard of deferred payment. Types of money include, but are not limited to, physical notes, coins, and bank deposits.

 

Lawrence White - Money & Free Banking

 

Gregory Rehmke - Money and Inflation

Related Publications

MULTIMEDIA

The Mystery of Money

AUGUST 07, 2009

Related Freeman Articles

FEATURE

The Nature and Origin of Money

DECEMBER 07, 2012 by ALEX SALTER

Arguments that money is a creature of the State are not only wrong, they're dangerous. Alex Salter explains how, perhaps more than anything else, money is the prime example of Hayek's spontaneous orders.

WABI-SABI

Cavemen, Money, and Spontaneous Orders

Some things are the product of human action but not human design.

MAY 02, 2012 by SANDY IKEDA

Who invented money? Who invented market prices? Who invented cities? What about language? The answer is: no one.

ARTICLE

Gold and Money, II

MARCH 23, 2011 by WARREN C. GIBSON

Related Multimedia

MULTIMEDIA - VIDEO

The Origins of Money

DECEMBER 14, 2010

MULTIMEDIA - VIDEO

The Origin, Nature and History of Money

AUGUST 31, 2010

MULTIMEDIA - AUDIO

Money and Inflation - Lecture by Lawrence Reed

JULY 13, 2010

MULTIMEDIA - AUDIO

Money, Mischief and the March to Centralization

MAY 24, 2010

FEE President, Lawrence W. Reed, spoke to the Eighth Annual Abbeville Institute Scholars Conference about US economic history and the centralization of the monetary system on February 4, 2010.

MULTIMEDIA - AUDIO

The Mystery of Money

AUGUST 07, 2009

ONLINE EVENTS

FEE offers live online events for people new to the economic, ethical, and legal principles of a free society.

CURRENT ISSUE

September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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