BEGINNER

Money

MARCH 14, 2013

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

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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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