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Money

Money is a widely accepted form of payment for goods and services. It serves as a medium of exchange, a store of value, a unit of account, and standard of deferred payment. Types of money include, but are not limited to, physical notes, coins, and bank deposits.

 

Lawrence White - Money & Free Banking

 

Gregory Rehmke - Money and Inflation

Related Publications

MULTIMEDIA

The Mystery of Money

AUGUST 07, 2009

Related Freeman Articles

FEATURE

The Nature and Origin of Money

DECEMBER 07, 2012 by ALEX SALTER

Arguments that money is a creature of the State are not only wrong, they're dangerous. Alex Salter explains how, perhaps more than anything else, money is the prime example of Hayek's spontaneous orders.

WABI-SABI

Cavemen, Money, and Spontaneous Orders

Some things are the product of human action but not human design.

MAY 02, 2012 by SANDY IKEDA

Who invented money? Who invented market prices? Who invented cities? What about language? The answer is: no one.

ARTICLE

Gold and Money, II

MARCH 23, 2011 by WARREN C. GIBSON

Related Multimedia

MULTIMEDIA - VIDEO

The Origins of Money

DECEMBER 14, 2010

MULTIMEDIA - VIDEO

The Origin, Nature and History of Money

AUGUST 31, 2010

MULTIMEDIA - AUDIO

Money and Inflation - Lecture by Lawrence Reed

JULY 13, 2010

MULTIMEDIA - AUDIO

Money, Mischief and the March to Centralization

MAY 24, 2010

FEE President, Lawrence W. Reed, spoke to the Eighth Annual Abbeville Institute Scholars Conference about US economic history and the centralization of the monetary system on February 4, 2010.

MULTIMEDIA - AUDIO

The Mystery of Money

AUGUST 07, 2009

ONLINE EVENTS

FEE offers live online events for people new to the economic, ethical, and legal principles of a free society.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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