The studies
Every First Thing study, newest first. Each opens with its short version, the whole answer in a few minutes. The methods, the code and where each dataset comes from are on GitHub.
The life of a money
2 studiesFT-001.2
Where money comes from
The life of a money, part 2. Most money is a bank's promise: a loan creates it, and repayment destroys it.
October 202624 min
FT-001.1
What gives a money its value?
The life of a money, part 1. In our reading, people take a money because they expect others to take it; the taxes and debts owed in it and what restrains its issuer make that reasonable, and no backing guaranteed it.
October 202626 min