Wednesday, April 22, 2015

OCHN: Should we pay the federal reserve to store wealth in currency?

Would you allow the federal reserve to ban currency so banks could charge you to store your savings?

Money is both a medium of exchange and a store of wealth. Money represents the stored value of labor not immediately converted to consumption. Historically, people used scarce items like gold...
Should we pay the federal reserve to store wealth in currency?

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