February 24, 2012
Hola! Today I am writing you from my swanky hotel room at the W Hotel in Santiago, Chile (thank you Simon Black for having excellent taste in accommodations!). Santiago is a beautiful city—modern, charming, and bustling with energy and excitement. La gente (the people) of Santiago are warm and welcoming and definitely don’t seem to [...]
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February 20, 2012
(Part 1: History of Money) (Part 2: Fractional Reserve Banking, You, John, Steve, Sarah) (QnA: Inflation) We left off on our juicy story of money with the basics of fractional reserve banking under a gold standard, using our example of you, John, Steve, and Sarah and how the banks had magically created money (currency) out [...]
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