An entrepreneurial action is made anytime money is lent. The moneylender is making an entrepreneurial action if he can’t see … Read the rest
Tag: interest rates
The Size of the Social Unit: Banking
Barter indicates humans prefer more to less. Money began as a commodity. It could not have begun any other … Read the rest
Explaining The Fed with a Hammer
Money is a dominant force in the economy. It is a medium of exchange and solves the double coincidence of … Read the rest