Mastering Money #6: Investing Has Become Saving
Our savings have become financialized. Most of us aren’t saving our retirement money in our bank accounts, we’re doing it through our investment accounts. This is because of inflationary money. To understand this, we need to reiterate how our economy actually encourages investment and penalizes saving. Since the money supply gets larger over time more, every new dollar that gets created reduces the value of every dollar already in existence. This is because there's only a certain amount ...
Mastering Money #6: Investing Has Become Saving
Our savings have become financialized. Most of us aren’t saving our retirement money in our bank accounts, we’re doing it through our investment accounts. This is because of inflationary money. To understand this, we need to reiterate how our economy actually encourages investment and penalizes saving. Since the money supply gets larger over time more, every new dollar that gets created reduces the value of every dollar already in existence. This is because there's only a certain amount ...
Mastering Money #5: You Can't Save Money In The Bank
We have an economy that needs debt to function, which creates incentives that hurt both individuals and the economy at large. To start, we need to talk about how our economy encourages debt. It's a result of the idea of inflationary money, which just means that the money supply gets larger over time. . What this means is that people are encouraged to spend their dollars. If more money is created over time, then the dollars that people keep in their savings accounts get worth less and les...
Mastering Money #5: You Can't Save Money In The Bank
We have an economy that needs debt to function, which creates incentives that hurt both individuals and the economy at large. To start, we need to talk about how our economy encourages debt. It's a result of the idea of inflationary money, which just means that the money supply gets larger over time. . What this means is that people are encouraged to spend their dollars. If more money is created over time, then the dollars that people keep in their savings accounts get worth less and les...
Mastering Money #4: What is Bitcoin?
To many, Bitcoin may sound like nothing more than a strange internet currency. How can something that only exists on the internet be valuable? What about the fact that Bitcoin isn’t ‘backed’ by anything? While most of us assume we’re comfortable with how modern banking works, “money” is actually an ever-developing human invention. With Bitcoin, we’re seeing the benefits of a fixed supply, high-powered money that was designed for the internet and gives us hope for a better future. To better un...
Mastering Money #4: What is Bitcoin?
To many, Bitcoin may sound like nothing more than a strange internet currency. How can something that only exists on the internet be valuable? What about the fact that Bitcoin isn’t ‘backed’ by anything? While most of us assume we’re comfortable with how modern banking works, “money” is actually an ever-developing human invention. With Bitcoin, we’re seeing the benefits of a fixed supply, high-powered money that was designed for the internet and gives us hope for a better future. To better un...
Mastering Money #3: Our Money Drives Inequality
We have what is known as an inflationary monetary system. An inflationary monetary system means that over time, the amount of money that is circulating increases, with prices of goods increasing as well. Unfortunately, this penalizes people who want to save money, increasing inequality. The reason that we have inflationary money is that an inflationary monetary system reduces the burden of debt over time. Since prices and salaries rise over the years, debts become smaller over time. The easie...
Mastering Money #3: Our Money Drives Inequality
We have what is known as an inflationary monetary system. An inflationary monetary system means that over time, the amount of money that is circulating increases, with prices of goods increasing as well. Unfortunately, this penalizes people who want to save money, increasing inequality. The reason that we have inflationary money is that an inflationary monetary system reduces the burden of debt over time. Since prices and salaries rise over the years, debts become smaller over time. The easie...
Mastering Money #2: A Short History of Money
Where did money come from? And how did it get to where it is today? The earliest forms of money that we have a record of date back between around 9000 to 6000 BC, which coincides with the development of modern agriculture. Societies were small and scattered back then, only just beginning to settle down. Whatever the main good a group of people had in relative abundance and was a necessity often became money. Animals and plant products were the main early forms of money. Around 1000 BC we bega...
Mastering Money #2: A Short History of Money
Where did money come from? And how did it get to where it is today? The earliest forms of money that we have a record of date back between around 9000 to 6000 BC, which coincides with the development of modern agriculture. Societies were small and scattered back then, only just beginning to settle down. Whatever the main good a group of people had in relative abundance and was a necessity often became money. Animals and plant products were the main early forms of money. Around 1000 BC we bega...
