Money

Abstract: “Money in the 21st century will surely prove to be as different from the money of the current century as our money is from that of the previous century. Just as fiat money replaced specie-backed paper currencies, electronically initiated debits and credits will become the dominant payment modes, creating the potential for private money […]

Electronic Fund Transfer appears for many as the next logical step in advanced electronic and computing technology, having the potential to become the money of the future, electronic fund transfer (ETF) has caught the eyes of entrepreneurs, IT professionals, computer scientists and economists. ETF is in two commercial products, the card-based and software-based. This research […]

The “Money as Debt” was created by Paul Grignon in 2006. It is the most fascinating video I have ever seen. Moreover, I am just amazed how much I have learned in just 47 minutes. This video describes how basic banking system works and answers the question where the money comes from. Years ago, bank […]

George was a bank clerk (who ‘goes to sleep at a bank from ten to four each day, except Saturdays, when they wake him up and put him outside at two ‘) and was living in a back room of the same house. The landlady suggested that, to save money, the two might share a […]

That she understands the business details related to the debt she incurred taking out a loan to preserve Torvald’s health indicates that she is intelligent and possesses capacities beyond mere wifehood. Her description of her years of secret labor undertaken to pay off her debt shows her fierce determination and ambition. Additionally, the fact that […]