By Thomas M. Kostigen
An exploration of the which means and value of cash within the twenty first century, through "CBS MarketWatch" columnist Thomas Kostigen. utilizing candid interviews with well-known monetary, monetary and non secular leaders, American households, felony inmates, welfare moms and lottery winners to demonstrate his observations, he investigates how funds is made, received and wanted in modern society and seeks to spot its worth past its advertisement and monetary that means. With mental and monetary perception, Kostigen ponders the questions on the vanguard of our attention: the place does our urge for food for cash come from? How a lot is required for survival? How quintessential is it to id? Can it fairly purchase happiness? the writer lines money's that means via key monetary associations and innovations, in the course of the houses and workspaces of common americans, and into the temples of many of the international religions. Interview applicants contain Yale economics professor Martin Shubik; Dee Hock, founding father of Visa; Nobel Prize-winning economist Joseph Stiglitz; developer Donald Trump; and Rabbi Burt Visotszky.
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Additional resources for What Money Really Means
Thanks. Money is noise because it’s in the background all the time. It’s trust and information exchanged millions of times a day—on mere words alone. The shouted order. The accepted exchange. ” “The words, that noise, must represent something. ” “More than that. There are equations, analyses, and facts that put words into context. ‘Buy’ takes on an implied connotation. ’ On Wall Street, information is implied. ” “Right. You’d then imagine the possibilities of it going up. You’d imagine a whole assortment of things about Microsoft.
Higher interest rates decrease the money supply. The Fed manipulates interest rates through its — — W H AT M O N E Y R E A L LY M E A N S discount rate. S. government. S. Treasury securities, or its own bonds. These bonds are our national debt. And who are we as a nation mostly in debt to? Banks. To buy back its debt, the Fed will write checks to the banks who own its bonds. The banks deposit the money in their reserves. Voilà. Mo’ money on the planet. When it wants to decrease the money supply, the Fed will sell securities, taking the money from buyers, those same banks, and, well, burning it.
See, even you’ve fallen into it. I see French teenagers on corners of the Champs Élysées, smoking cigarettes, wearing tight jeans, mocking tourists, counting flooz, asking for flooz. I see an Arabic man in white robe and turban in the desert. His camel is in the background. He buys something from a desert merchant on an oasis. ” “They’re . . they’re . . ” “Consumers can earn beenz for performing ‘e-work’ online activities, like visiting a Web site, interacting with online business, shopping, or accessing the Internet through a service provider,” Beenz, the company, says.
What Money Really Means by Thomas M. Kostigen