Category Archives: X Archive

Having faith in something we never see is a characteristic many people share. Our faith in religion, money and many other things differ from person to person. In the NPR broadcast it talks about how money was invented and the … Continue reading →

When I first heard about the concept of “stone money” I was just young child that was seeing it for the first time…in a cartoon. Growing up I would go back and think of that cartoon and think how ridiculous … Continue reading →

By reading the The Island of Stone Money by Milton Friedman, I find that the concept of having something with any type of value will give us power. Yaps probably knew that a fie was just a rock, without any … Continue reading →

My view of money has changed quite a bit since learning about the Fei of the island of Yap.  Based on The Island of Stone Money by Milton Friedman, the Yap used large coins of limestone as money.  Each coin … Continue reading →

In 1903, an American anthropologist named William Henry Furness III, spent several months studying inhabitants of the Island of Yap. (Friedman 1) The Island of Yap is located in the Caroline Islands, in Micronesia. William found the German colony’s monetary … Continue reading →

The stone money history is tremendously interesting, I heard a little about stone money in my Economics class when we were talking about the medium of exchange, the unit of accounting, and the store of value but did mention the Yap … Continue reading →

Money is something where I’d occasionally wonder to myself, where does it gain its value? It has always baffled me how people could imbue a piece of paper with such value and importance, or how similarly sized, designed, and manufactured notes … Continue reading →

Money seems to have a big role in our society; you can’t do much or get far if you don’t have any.  Money is valuable in different ways, even when you don’t see it physically.  In today’s society you must … Continue reading →

What is money? No one really has an answer to this, because money in this day in age is a tangible thing that has no real value other than what one knows it can buy her. A 20$ bill can … Continue reading →

Before this assignment was introduced to the class, the concept of money never gave me any trouble to thing about.  In fact, my thinking of money seemed pretty naive. Money was just money, twenty dollars was worth twenty dollars.  I … Continue reading →