5 ms·
Next book on my reading list is The Wealth of Nations by Adam Smith, so that I can finally understand all of this Economic mess the world is in. Of course it wo
by mattwdelong 17y ago
Next book on my reading list is The Wealth of Nations by Adam Smith, so that I can finally understand all of this Economic mess the world is in. Of course it won't give me a full understand, but I have been told it will send me in the right direction.
Recently, I have been trying to understand what exactly a dollar is. From what I can tell, its pretty useless.
I've determined that money != wealth.
- jeffcoat 17y agoHave you discovered that if you have something that someone else wants, and they have something you want, and you swap, then you can both end up happier? Have you discovered that it's tricky to carry with you for exchange purposes every conceivable desire of the guy that owns the grocery store, and thought that it might be handy to introduce an abstraction layer?
- dpatru 17y agoFor understanding money, you might try reading Murray Rothbard's "What has government done to our money?", available for free in both written and audio at mises.org.