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.
posted by qrswave @ Thursday, November 24, 2005
5 Comments:
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
Thanks a lot!
It's in the sidebar!
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.
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 Is the money system out of date / obsolete now?
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