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What is money?
You may think this is a silly question, but I really would like a discussion on value and worth and how we as people define that.
Topics:
cultural values economics
James Walker 30+
If you innovate and increase the wellbeing of others, you will be rewarded with a universal currency - money.
It's a simple reward system, if you do something that others value (invent Facebook; be a founding partner of Microsoft, etc) you make money. it's kinda God's round of applause.
In the absence of money, it's hard to tell how we'd reward the behaviours we find desirable - hard work, consumer centricity, new ideas, improved productivity, accelerated added value etc.
Nicholas Lukowiak 50+
When the Federal Reserve prints money and gives it to the U.S they loan the money with a ten percent interest.
It's interesting, taking the money creates debts, and the only way to pay back the debts is with money. Like an infinite loop of debt through money. So, I would say American money is now based on debt. Money = debt. This is a generally popular way major nations in the world get there money..
Tim Colgan 50+
Like all icons it has the propensity to be worshiped in itself.
Krisztián Pintér 200+
http://wiki.mises.org/wiki/Money
it goes on to austrian economics viewpoints, but the basics are quite neutral and informative
Tim Colgan 50+
Except for it's obvious disapproval of fiat money.
It is an interesting link though. Thanks Krisztian.
Rafi Amin 20+
Chris Aldon 20+