Money has been an integral part of life since we got a nickel from grandpa. That nickel would buy a popsicle or an ice cream cone.
I knew about money but not the values. My grandpa often showed me a nickel and a dime. He let me choose. I always chose the Nickel, it was bigger. It’s how you learn. What do you know about Money when you are five years old?
Personal income did increase from the 25 cents for a pair of gopher feet to 80 cents an hour at the grocery. As a Sophomore in college, for parking cars I earned a buck-twelve an hour.
It’s doubtful if any of us have thought much about money, except how to get or earn more. Like many baby-boomers, in mid-life, money took on an interest. The IRS wants accounting. That’s one department.
Most people know of the FEDERAL RESERVE BANK. It is a “federal” as Federal Express.
These two videos explain more about money than most folks ever knew.
https://www.youtube.com/watch?v=mQUhJTxK5mA > Creation of Money
https://www.youtube.com/watch?v=mzoX7zEZ6h4 > Expansion of Money Supply - M1
No comments:
Post a Comment