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An in-depth explanation

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

Introduction

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.

Analysis

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: http://www.fame.org/HTM/Vieira_Edwin_What_is_a_Dollar_EV-002...