What is Money?

2010 Rerun:
Definition of Money: In the 1990s here at Bob Enyart Live, I wrongly claimed that justice required a return to the gold standard, whereby currency was formerly backed by reserves of precious metals. Years ago you could return a $10 bill, also called a gold certificate, to a bank and receive a certain amount of gold. After studying and thinking about money for years, reading economic texts and reflecting on the Bible, asking questions of internationally renowned economists, I now know that the definition of money is not gold or silver (although they can be used as money). But money is more like a transferable IOU. Most accurately, money is the accounting of transferable incomplete transactions. That is what money actually is. You can see the rest of this at KGOV.com/money...

* Post-show Note: You're invited to also see our KGOV Political Spectrums chart and program.

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