Thursday, November 11, 2010

8: Currency

I'm pretty psyched about the American Dollar. No, I'm not particularly psyched about the dollar in relation to the  value of the Euro or the Pound. But I am glad that we have the dollar. It's a government-regulated, fungible unit of exchange.



I'm glad that, when I want to go to lunch, buy groceries, or go to the movies, I don't need to carry large objects I already own to trade, or promise my labor at that store later. Rather, I can use money - something that positively does not exist without the regulatory measures and currency units provided, in this case, by the US Treasury

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