In this episode we lay some conceptual groundwork for next week's discussion of cypto-currency by defining the difference between money and currency, going into detail about the fundamental source of value behind money. We also talk about the bubble-inducing effects "forced charity" through government spending of tax revenues on things like education and healthcare, and how the institutional Church is right in the middle of -- and profiting from! -- this forced charity scheme.

Feedback: send your questions, comments, or alternative definitions for money and currency to [email protected] — and email [email protected] if you have suggestions for where to buy BTC (BitCoin) without visiting the dark web, meeting with gangsters, or getting a knock on my door by someone in a dark suit who is wearing an earpiece...

Distinction between money and currency:

Money, in concept, is the fungible proxy for the aggregation of wealth, real property, and services which are the product of human life and the capacity to produce things of value whereas currency are the exchangeable units of value that can be used for performing economic transactions.

 

Blog post for this episode:  http://www.barnhardt.biz/2017/08/04/financial-friday-barnhardt-podcast-017-we-are-the-gold