Not that long ago money used to be called the storage of value. Money to me is buy and saving for later purchases. Nothing more, nothing less. Money should have no other use. There are those who believe the more money you have the better you are at the game of life. It’s almost as if life was a monopoly game. There was a time when money was tired to gold or another precious metal, that’s been long gone. There are so many people who believe that cheapening the currency is better for their country for goods will be cheaper that they trade with other countries. The fact of the matter making one’s currency cheaper hurts the money (ability to buy, and to hold to buy) of that country.
Russia has a problem. The ability for a large percentage of it’s population has a buying problem. Pensions have been decreased. Pay is not helping the majority of the working population get what it needs in savings and goods and services, that is a money problem. What the Russian government can do is issue bonds to to help future pensioners, issue a food stamp like program giving farmers cash and bonds. The bonds can be sold if cash is immediately needed. Those programs would be like my definition of money.
The Federal Reserve is buying bonds government and corporate bonds, there are many who claim that the federal reserve is printing money. In my mind there buying of bonds isn’t printing money it’s really replacing cash that has been burned.
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