No doubt over the last few years it has become easy to forget what money is. Many don’t have enough, while a few have a lot more than most. On top of that we’re constantly reminded of the $16 trillion national debt, or is it over $200 trillion? The Fed continues to expand its balance sheet northwards of $3 trillion, though it may be tapering soon. The Defense Department spends almost $1 trillion annually. Don’t forget about student loans, which total somewhere around $2 trillion.

what is money

Thanks to The Atlantic, we can cut through those dizzying numbers and go down to basics in order to find out what money really is.


What is Money