====================== Money is defined as a "medium of exchange" and a "measure and store of value."
This should raise red flags and cause klaxons to sound for people that assume just because they have "money" in the bank, or even a "emergency reserve" in small bills at home, they are set for an emergency.
For one thing the base purchasing power of their "measure and store of value" decreases at least 3% per year (and sometimes much more) by official government figures. [CPI-U]
Unka George (George McDuffee) ............................. I sincerely believe . . . banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. Thomas Jefferson (1743?1826), U.S. president. Letter, 28 May 1816, to political philosopher and Senator John Taylor