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TeachMeFinance.com - explain Cheap money historic definition... Cheap money -- Money is cheap when it is obtainable at a low rate. At such a time the prices of securities are likely to advance, not because they are worth more, but because money is worth less, the purchasing power of money having decreased. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.