Some surprising insights about the nature money and its role.
Here is another mini series of posts based on an upcoming column of mine in the Wilmott Magazine to appear in their May issue. I have posted similar ideas here before, but this series will put them together, hopefully as a cohesive whole. This first post of the series looks at the unphysical nature of money.
This second post of the mini series based on my upcoming column in the Wilmott Magazine looks at how people make money in a scalable fashion. It was posted earlier in this blog.
Having looked at the how of money in the last post, here is the why of money in this third post in the my mini-series. Why do we want it so bad?
This concluding part of the philosophy of money (to appear as a column in the May issue of the Wilmott Magazine) shares my private disappointment that whatever I wrote up may not have been as original as I expected it to be. But the concept of money has been around for a long time now, so I should not dwell on it too much.