Funny Money: Social Illusions about Value, Reward, Cost, and Risk

Money is a funny phenomenon, funny-peculiar that is. Money has a lot of odd characteristics, most having something to do with social definitions and the assumptions that shape perception. It exists, for example, only because we have willed it so – it is a social construction. Money has value only because we value it – … More Funny Money: Social Illusions about Value, Reward, Cost, and Risk

Making Money: The Ultimate Illusion of a Debt-Driven Economy

How is money made? Well, in conventional terms we work for it. But where does it come from? We know that the economy needs a sufficient “money supply” so we can exchange “goods and services” every day. Of course, it’s not that simple. After the “Great Recession” of 2008, the Federal Reserve injected hundreds of … More Making Money: The Ultimate Illusion of a Debt-Driven Economy