Measure & Means
Measure & Means is an independent educational publication about money, payment systems, bank deposits, legal tender, local currencies, barter, mutual credit, and the design questions behind alternative exchange systems.
Money Basics
Central-bank money, bank deposits, legal tender, monetary aggregates, payments, inflation, and exchange rates.
- Exchange Rates: Quotes, Spreads, and Movement 4 min
- Fiat Money Explained Without the Myths 4 min
- How Bank Lending Creates Deposit Money 4 min
- Inflation and Purchasing Power: The Basics 4 min
- What Legal Tender Actually Means 4 min
- M1, M2, and M3: Monetary Aggregates Explained 4 min
- Money vs. Currency: A Practical Distinction 4 min
- Payment, Clearing, and Settlement Explained 4 min
- What Is Money? Three Functions Explained 4 min
Alternative Systems
Local currency, mutual credit, time exchange, barter, vouchers, backing, governance, and recordkeeping.