Monday, April 7, 2014

Money

The paper that we use as our currency and that we call money only has the value that is assigned to it by whomever is in charge. In the future, the value of money might fluctuate to the point that we might have to print $1000 bills or it could go the other direction where a $5 dollar bill might be worth $100 dollar bill today.

Personally, I think that it would be beneficial to everyone to go back to the trade system, where you exchange a good or service you want with someone else in exchange of whatever they have to offer. This is of course impossible since we have fallen so deeply in the current economic system that we are in. The cost of implementing that system might be too high and offset the advantages.

So to answer the question what is the value of money? My answer to that is the following. The value of money is what we let the ones with money decide it to be.




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