Money and Interest

Monetary theory is a complex topic. It is often useful to start studying it at the beginning -- that is, where the first theorists established a basic understanding. Start with the original questions and go from there. David Hume was a famous 18th-century philosopher, economist, historian, and essayist. In this short essay, he establishes some elementary truths about money and interest. For example, money is not the same as wealth, which is made of real goods. A good introduction to the topic!