FriarN Posted September 11, 2014 Report Share Posted September 11, 2014 MONEY, What is it? This is a posting from Youtube comments. On another thread, someone asked: "Can we wean ourselves off money?" Here's my response: Not unless you can find a way to be rewarded for your productive efforts that is as efficient as using money. We have money, because people will work for the PROMISE (of future reward) that money represents. If people lose confidence in paper money, they may work less, until they find another promise (Gold, or gold-backed currencies is one common solution), that they are willing to work for. Money is our society's way of manifesting a promise of future value. We seem to be on a road now, where people will lose confidence in the US government, and the value it the paper promises of the government. Then we are in real trouble. Link to comment Share on other sites More sharing options...
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