I am not an economist, nor am I a student of economic theory. I have a limited understanding of the theories of money, and as simple understanding of the principles of capital markets. But I do understand the theory of value. Value is created when humans expend effort toward the creation of a product, or towards the execution of a service. Those products and services have a cost (unit effort + material input + a share of (infrastructure + marketing)), and in a relatively unconstrained market (no such thing as a free market) the products and services have a value (how much someone will pay for it). Continue reading