New Money is Created with Promises

Ordinary people can help create new money by making promises. You constrain the future by making a plan, and a promise to keep to it. Money is created in response, because in making that promise you have created value. New money is created to represent that value. This is why it is possible for banks to fall apart when people don’t pay their mortgages back. Banks sell assets that are partially made of the future intents of borrowers. When borrowers do something other than promised, those as...

 Origins of the Big Bang Theory and Evidence For It

That the universe is expanding was news to Einstein. But the possibility that the galaxies are moving away from each other had been proposed a few years before Hubble's papers on theoretical grounds arising from Einstein's own equations. In 1922, Russian physicist and mathematician Alexander Friedmann investigated what would happen in a model universe based upon two assumptions that greatly simplified the mathematics: that the universe looks identical in every direction, and that it looks tha...