{"id":49101,"date":"2019-08-01T02:00:47","date_gmt":"2019-08-01T06:00:47","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=49101"},"modified":"2019-07-31T08:24:26","modified_gmt":"2019-07-31T12:24:26","slug":"what-is-money","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2019\/08\/01\/what-is-money\/","title":{"rendered":"What Is Money?"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/r5eFObOFcME\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<blockquote><p><strong>Marginal Revolution University<\/strong><br \/>\n<strong>Published on 18 Jul 2017<\/strong><\/p>\n<p>That may seem like a really simple question, but it&#8217;s actually kind of complicated. Paper bills and coins, or currency, is obviously money. But it doesn&#8217;t end there.<\/p>\n<p>Technically, &#8220;money&#8221; is anything that is a widely accepted means of payment. This has changed throughout history. Once upon a time, cattle could be considered money. Or cowry shells. Today, cryptocurrencies like Bitcoin are being added to the mix.<\/p>\n<p>Given that there&#8217;s no set definition for what makes a commodity money, there are a few measurements for the U.S. money supplies. The first, MB (or &#8220;monetary base&#8221;) measures currency and reserve deposits. This is what the Fed has the most direct control over. <\/p>\n<p>Our next stop will be fractional reserve banking and the money multiplier.<\/p><\/blockquote>\n<p><a href=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/08\/Screenshot_2019-08-01-What-Is-Money-.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/08\/Screenshot_2019-08-01-What-Is-Money--480x270.png\" alt=\"\" width=\"480\" height=\"270\" class=\"aligncenter size-medium wp-image-49991\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/08\/Screenshot_2019-08-01-What-Is-Money--480x270.png 480w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/08\/Screenshot_2019-08-01-What-Is-Money--150x84.png 150w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/08\/Screenshot_2019-08-01-What-Is-Money--768x432.png 768w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/08\/Screenshot_2019-08-01-What-Is-Money--853x480.png 853w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/08\/Screenshot_2019-08-01-What-Is-Money-.png 930w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marginal Revolution University Published on 18 Jul 2017 That may seem like a really simple question, but it&#8217;s actually kind of complicated. Paper bills and coins, or currency, is obviously money. But it doesn&#8217;t end there. Technically, &#8220;money&#8221; is anything that is a widely accepted means of payment. This has changed throughout history. Once upon [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,84,13],"tags":[436,164,1093,563],"class_list":["post-49101","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","category-usa","tag-banking","tag-federalreserve","tag-macroeconomics","tag-money"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-cLX","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=49101"}],"version-history":[{"count":3,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49101\/revisions"}],"predecessor-version":[{"id":49992,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49101\/revisions\/49992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=49101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=49101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=49101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}