Image by F1 Digitals from Pixabay Money might be the most misunderstood topic in finance. Everyone knows exactly what it is, yet definitions greatly vary. Most reduce money’s meaning to some combination of the four functions famously stated by William Stanley Jevons in his 1875 essay Money and the Mechanism of Exchange: a medium of..
Image by Penny from Pixabay Everyone loves to talk about money. While commonplace, money actually means different things to different people. Its many and conflicting definitions lead to vastly different economic conclusions and tend to confirm one’s preferred viewpoint. As a result, money’s lost all utility as an objective investment tool. However, redefining it in..