money explained

What Is Money? Why a Piece of Paper Has Value

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What Is Money? Why a Piece of Paper Has Value What is money, really? Take a dollar bill out of your wallet and look at it. It is a rectangle of cotton and linen with ink on it. Objectively, it is nearly worthless as an object. You cannot eat it, wear it, or build with … Read more

The Guaranteed 8% Raise Most Retirees Don’t Take

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A Guaranteed 8% Raise That Almost Nobody Takes Here’s a puzzle. In the United States, there’s a way to make your government retirement check grow by a guaranteed 8% every year — backed by the federal government, with no risk. And yet only about 4 out of every 100 retirees actually take it. Why would … Read more