Understanding Money as a Unit of Value
For the past few years I have been on a journey to develop a better understanding of money. It started when I came across Modern Monetary Theory (MMT) via Stephanie Kelton’s book, The Deficit Myth a few years ago, and has now lead me to begin reading Anthropologist David Graber’s book Debt: The first 5,000 years. Money is a Unit of Account The idea that has captured my recent attention is the notion that Money, rather than being a material item, is a unit of measure, specifically, a unit of account. The same way that an inch or a centimeter is a unit of length. ...