Some Common Cents for Sept 5th 2014

September 5, 2014, by John Norris

Just what is money? According to Merriam-Webster, money is: “something generally accepted as a medium of exchange, a measure of value, or a means of payment.” For centuries, people used metals of various types for money, and certain, more primitive, cultures used things like shells, glass, and even rocks. Today, money primarily takes two forms: 1) paper, and; 2) computer keystrokes.

Sure, we still pass along metal coins, and people certainly barter and the like. However, when push comes to shove, regardless of what you use, money is really nothing more than a unit of measurement. In that regard, it isn’t really any different than a gram, ounce, pound, or what have you, except it measures the implied worth of an individual’s output on the economy.  Or at least what someone else values your output…Read On…

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.