What is Money? Explained in Plain English [VIDEO]

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What is Money? Explained in Plain English [VIDEO]

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? Explained in Plain English [VIDEO]

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.

Ben Graham Lecture Notes

The Intelligent Investor - Benjamin GrahamI recently stumbled across two precious resources about the Godfather of value investing, Ben Graham. The first resource is a collection of notes from Benjamin Graham’s lectures when he was a professor at Columbia University. The notes were taken during lectures given in 1946, six years after the 1940 version of "Security Analysis" was published. Read More


 

What is Money

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