The Definition of Money (The Economic Definitions, #1) / The Economic Definitions (ePub)

The Definition of Money is an easy to read and understand book, yet packed with information, explaining everything about the mechanics of Money. It is the first volume in a trilogy called "The Economic Definitions", and it looks at money through a lens of logic, concepts and history; though it's not a historical work.

Together with its companion books "The Definitions of Value" and "Ethereal Value and the Cryptofuture", it is the first work that takes a comprehensive look at what money is and what money does, in every situation. It looks deeply into human behavior, and the common actions that arrive from it as humans move about within reality, in order to establish fundamental reasons for how every human in every culture sees and thinks about money, as well as what ends up being used as money in those cultures.

It looks at the current monetary system and exposes the flaws within, showing that much of our modern societal ails arise directly from the distortion of what money is and what function it serves within society, by the needs of central authorities. The books explain this through using simple analogies, logic, abstraction, and sometimes even strong language, to show that much of the modern complexity of finance is self-induced, and economics really need not be so difficult - the books contain very little (basic) math to prove the point.

They are written for the common man as much as for veteran economists, as none of the concepts in the book are difficult to understand in the end - and the trilogy was even designed to be re-read for those who need a little bit longer - but they go as deep as humanly possible regardless. Every pass around will reveal new insights.

This book also takes a deep look at what inflation is and does, as it is an integral part of money. It'll show that both inflation and deflation are normal and healthy, yet they have been made appear to be hostile by, again, central authorities who focus more on their own needs for survival rather than that of the populace - leading to inevitable hyperinflation of a broken global monetary system.

All aspects of money are examined, bar one: Intrinsic value. While Money and Value are intrinsically linked, Value is its own distinct concept with its own rules and descriptions. Confusing how the two interact has been a problem throughout history, and therefore it has its own book with its own explanation of how it arises out of human nature; and is instead referred to when needbe within this book.

Finally, the book looks at the future of money, both the extension of modern-day digital technology and what it might be beyond currency. It'll describe two systems that might be used in a time where the 4th industrial revolution has become a reality, and there isn't a need for currency anymore, at least not in its traditional shape or form. One of these concepts, "The Streaming Economy" (unrelated to video streaming), is then later used in the third book to bring about a futuristic currency - one that could power a Star Trek like future - today.