Archive for April, 2009
Pirate Problems
Thursday, April 16th, 2009The “leaders” in Somalia are suggesting that the pirate problem must be tackled on land, as it is too difficult to patrol the vast ocean. Of course, they will require funding to accomplish this……
This nonsense is nothing short of blackmail. “Give us money and we will stop attacking your ships.” Of course no amount of [...]
What is Money?
Tuesday, April 14th, 2009What is “money”? Is a piece of paper - a dollar bill - money? How about precious metals? Gold? Silver? Copper? Platinum? How about gems? Diamonds? If I write you a check, have I given you money? Is the balance in my bank account money?
Where does money come from? Who decides what money is?
“Money” is [...]