Published: March 31, 2020, 10 p.m.

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We just passed the largest stimulus bill in American history by a long shot. And while people may celebrate their $1,200 check or complain about the pending bailouts, I think it\'s important to get to the basics of money and why government spending is an issue.

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"The Keynesian prescription for unemployment rests on the persistence of a \'money illusion\' among workers, i.e., on the belief that while, through unions and government, they will keep money wage rates from falling, they will also accept a fall in real wage rates via higher prices."
\\n-Murray Rothbard
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Here are the topics we\'ll cover today:

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• What is money?
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• Federal Reserve
  \\nFractional reserve banking
  \\nInterest rate control
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• Government influence on money
  \\nInflation
  \\nMis-signaling the market
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What is money?
\\nMoney is a commodity like any other. The difference is that the purpose of money is to be a means of exchange. It is a good that is highly exchangeable and fractionable to make buying and selling easy.

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Join the Conversation of Our Generation!!!

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