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- 15:49, 29 August 2024 Pete talk contribs created page Money defined (Created page with "<h3>Money Defined U99</h3> This brings us to money and investment, a subject we’ve discussed before, but one that deserves a return to fundamentals. Let’s start by defining money as two things: 1) an IOU and 2) a claim on property. An IOU is simply a note that communicates a debt obligation. If Sally takes care of Brenda’s kids for 2 hours, Brenda could write Sally a note saying she did that and that she owes Sally two hours of her time. Sally now has a piece of...") Tag: Visual edit: Switched