Comment: An in-depth explanation

(See in situ)

An in-depth explanation

What Is A "Dollar"? An Historical Analysis Of The Fundamental Question In Monetary Policy
Edwin Vieira, Jr.


The question "What is a 'dollar'?" may seem trivial. Everyone knows what a "dollar" is - or, at least almost everyone thinks he does. In fact, however, very few people could correctly define a "dollar.” And even fewer know why a correct definition is vital to their continued economic and political well-being.


1. Why is a correct definition of the term "dollar" important?

The United States has a highly advanced free-market economy. In a free- market economy, the prices of almost all goods and services are stated in units of money.
Read More: