The Six Characteristics of Money
We are roughly a century into the grand experiment with a central bank fiat monetary world order (half a century on a pure fiat system). For many people, pure fiat money is all that they have ever known. The lessons of history with respect to money have been ignored, but not forgotten.
Over thousands of years of civilization, people have used many different mediums for money. The accumulated wisdom of those years are often distilled into these simple truths:
https://www.dallasfed.org/~/media/documents/educate/everyday/money.pdf
These functions and characteristics of money used to be well understood, but do not seem to be taught in schools any more.
Fiat money has failed to fulfill it's...