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Our Dysfunctional Money System Poses Serious Risks, Dangers

Our Dysfunctional Money System Poses Serious Risks, Dangers
The seal of the Federal Reserve on a U.S. banknote. Mandel Ngan/AFP/Getty Images
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Money is something everyone thinks he or she knows something about, and most people think they know precisely what it is. Economists will tell you, however, that the question “what is money?” is one of the trickiest in economics.

They say that monetary policy is one of the slipperiest and most troublesome areas of economic policy; unrealistic expectations are regularly disappointed on all ideological sides.

Steve Davies
Dr.
Dr. Steve Davies is a Senior Fellow at the American Institute for Economic Research and the head of education at the Institute of Economic Affairs. This article was first published by AIER.org.
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