Mises Daily
Author:
Rod Rojas
Online Publish Date:
Last week, when Ron Paul asked the question , “Do you think gold is money?” Fed chairman Bernanke’s answer was a resounding no. So, what is money, anyway? In the simplest terms, money is a commonly used medium of exchange — one that is widely accepted and that serves as an intermediary for trade. As I explained in a previous article , If you are a