How Money Solves a Problem
Money solves the problem of the double coincidence of wants. Stated positively, both sides of a transaction must desire what the other has or the transaction can’t happen.
Money solves this problem in at least four ways:
1. Separates the act of buying from selling
2. Enables economic specialization
3. Increases market liquidity
4. Enables indirect exchange
Let’s look closer at each of these four elements.
What I’m Crunching — May 26, 2024
I’m listening to this audiobook through Libby. It’s certainly received high praise from Joe Rogan.
Hanes has been on Rogan’s podcast seven times and Rogan credits him with introducing him to bow hunting.
What is Money?
Since 2018, I’ve spent a few thousand hours reading, listening, and learning about money, macroeconomics, cryptography, and Bitcoin.
I constantly ask myself two questions:
How should my biblical worldview inform my understanding of money and Bitcoin?
How will Bitcoin, as an emerging money, impact ministries and churches in the future?
What I’m Crunching — May 19, 2024
Fast-paced and brutal. That’s the only way I know to describe this one. Interesting characters, especially The Judge. There are several layers to his character; grasping them would require another reading. But that’s exactly what I’m not going to do.
What I’m Crunching — May 12, 2024
Not for the faint of heart! I’ve read one other Cormac McCarthy book, The Road, and it was gritty. But this…this is another level.