OP-ED: What is an interest rate?
Editor Note: This is the second part of a three-part op-ed regarding money. You can check out the first installment here. When we were figuring out what constitutes something as money, we saw how the value the baker held for maple syrup diminished when his supply of that good increased and that the value someone holds for something is subjective and unique to that individual. The hunter will, likely, always hold more value in venison than the baker no matter […]