Conversation

Jan 27, 2021

hello twitter, i am seeking recs (books,articles,videos,podcasts,movies,wtvr) in the 'intro to finance' genre. interesting stories, tips and tricks, history, whatever is helpful for building interest and understanding is welcome. TIA!

Hormeze

@hormeze

Feb 1, 2021

Thank u for ur replies everyone I am begging to scratch the surface and it's all quite nuts to me, here's to sustaining interest and perhaps even getting gud

Beginning*

wait so ur telling me The Fed is actually a kind of bank with no money in it and is not part of the FEDeral government? and its shares are owned by banks. what the fuck

Hormeze

@hormeze

Feb 1, 2021

ok so far it seems like the economy is a perpetual motion machine powered by a cycle of laziness and trust i trust you to honor of piece of paper, im too lazy to ship u gold coins. ur too lazy to fully check if im trustworthy so u trust my friends

QC (in Berlin 7/29-??? w/ COVID

)

@QiaochuYuan

Feb 1, 2021

a lot of it is like this but i don't think it's completely circular - USD is legal tender so you can use it to settle debts (e.g. you can't pay your student debts in bitcoin or gold), and you also need it to pay your taxes to the gubbmint

Hormeze

@hormeze

Feb 1, 2021

is it the law that i cant pay off college debt with gold? or is it just practically that way cuz people dont wanna have to deal with storing and converting gold into money

QC (in Berlin 7/29-??? w/ COVID

Replying to

and

so maybe

can help us with this because IANAL but my understanding of what "legal tender" means is that it means if you pay off your debt in USD then your creditor legally has to accept it; otherwise it's up to their discretion i guess??? en.wikipedia.org/wiki/Legal_ten

1:57 AM · Feb 1, 2021Twitter Web App

Replying to

and

I don’t know this one actually, I wonder if it’ll come up in my business law class