Money. la la la (Think Pink Floyd.) (If you don’t know who they are, then I give up.) ANYway, where was I? Money! la la la…
Today, in the States, it’s Tax Day – time to pay the tax man or time to get money back from the tax man. (I hope you’re in the former and not the latter group. If you are, I’m with you – we owed this year. Poop.)
Money’s pretty fascinating stuff. There are three things that make money, money. The IMF (International Monetary Fund) has them on their site:
In short, money can be anything that can serve as a
• store of value, which means people can save it and use it later—smoothing their purchases over time;
• unit of account, that is, provide a common base for prices; or
• medium of exchange, something that people can use to buy and sell from one another.
From “Back to Basics: What Is Money?“
I came across an awesome article by Glyn Davies called “A History of Money From Ancient Times to the Present Day” that’s worth checking out – and after you read it, think hard about bit coins and whether an unregulated currency is really such a good idea.