Commodity money has intrinsic value, meaning that it can be used for other purposes besides being a medium of exchange (ex. gold, silver, cigarettes, and mackerel).

Fiat money has no intrinsic value, meaning that it cannot be used for anything else besides being a medium of exchange (ex. paper bills, coins, digital currencies).

Commodity money derives its value from its scarcity and usefulness

Fiat money derives its value from its acceptability and legal status.

Do you know what’s the most scarce, the most rare capital and does not derive its value from acceptability or legal status? You do!

There is only one you and there will only ever be just one you.

How are you putting that human capital to work?