Why The Dollar Isn't Money
December 29, 2020
Despite what Google Images serves up, money and currency are not the same thing. This view differs from that of mainstream economists, and this episode illustrates how those mainstream misconceptions might materialize to everyday folks. So what is it today that gives the dollar - or any fiat currency - its value? And how do we plan for the possibility that its value could change significantly?
In this episode John Flaherty & Keith Weiner discuss:
- A new perspective on the definition of money
- How J.P. Morgan's 108 year-old quote still holds true
- An enlightening definition for "fiat currency"
- What gives the dollar its value today
- Why trading all your currency for gold doesn't make sense
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🪙 Upgrade Your Gold https://youtu.be/Oj7zvdpdpt4
🏆 Gold Passive Income https://buff.ly/3tMUlFj
🔐 The New Way to Hold Gold https://buff.ly/3xoCgNm
📈 The Case for Gold Yield in Investment Portfolios https://buff.ly/3N0UGco
🧠 How NOT to Think About Gold https://bit.ly/3LhiR7t
📊 Risk Return Spectrum in Gold https://buff.ly/3MDYYXu