We use money every day, but how often do we stop to consider what it actually is, where it comes from, or why its value changes?
Money has taken many forms throughout history: from ancient records of debts and physical commodities such as gold and silver to the government-issued currency and digital bank balances we rely on today. Understanding that evolution can help explain why interest rates, inflation, and monetary policy have such a powerful influence on our everyday lives and long-term finances.
In this episode of Coasting in Retirement, Josh Null and Michelle Lee Melton-Null explore the history of money, with a particular focus on the U.S. dollar. They discuss the country’s departure from the gold standard, how central and commercial banks influence the money supply, and why the creation of money is closely connected to borrowing and lending.
They also examine what happens when the supply of money grows faster than the economy’s ability to produce goods and services, and what that can mean for prices, purchasing power, and investment portfolios.
Is keeping money in cash always as safe as it feels? And how might owning productive assets change the way investors respond to inflation over time?
Listen to the full episode for a new perspective on the money you earn, save, spend, and invest.
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