< HOME  Thursday, November 24, 2005

The True Purpose of Money

MONEY is a uniform standard of exchange that has value only insofar as it is accepted by enough people such that it can effectively serve its purpose--to facilitate exchange of people's labor and the fruits of people's labor.

How many people is enough? A self sustaining economy has enough people. In other words, a community (however small or large) has enough people if collectively it produces everything its individual constituents need to survive and thrive.

5 Comments:

At Sunday, December 04, 2005, Anonymous Anonymous said...

People might be interested in this fable on how the Federal Reserve and banks create money out of nothing and then charge us for its use.

http://www.startupjunkies.org/TheEarthPlus5Percent.pdf

 
At Sunday, December 04, 2005, Blogger qrswave said...

Thanks a lot!

It's in the sidebar!

 
At Saturday, January 21, 2006, Blogger qrswave said...

This is not by chance, but by design.

Our monetary system (and our economy, through so-called intellectual property) is deliberately designed to enrich a privileged few at the expense of an impoverished many.

 
At Tuesday, October 18, 2011, Blogger Pres said...

So now that well designed technology can perform most of the tasks that people stress over day in day out... Do we still need it? Is the money system out of date / obsolete now?

 
At Monday, January 06, 2014, Blogger Fastbet said...

Great blog! I really love how it is easy on my eyes and the information are well written. I am wondering how I might be notified whenever a new post has been made. I have subscribed to your rss feed which really should do the trick! Have a nice day! Taruhan Bola

 

Post a Comment

<< Home