Part 1 - What Is Money and How To Think About It
Money For the Rest of Us
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What Makes Money Money?
When we think about money, some of the most important aspects are that it has to be convenient and hold its value. In japan, we don't pay taxes with cash. And ultimately, the safest money is cash, except, as you point out, it can be stolen. We need to use all types of money, but just make sure we understand what kind of money is it,. Is it public or private? Is it convenient? And will it hold its value?
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