- John Merryman
- Sparks Glencoe, MD
- United States
Defining currency as a contract, rather than a commodity
As a medium of exchange, money is a form of public utility. It is the basis of the economic circulatory system and if it was understood as such, could be far more effectively managed. I recently wrote an essay on this topic:
" If people understand that money is a form of public utility and not actually private property, then they will naturally be far more careful what value they take out of social relations and environmental resources to put in a bank account. This would serve to make people's own self interest a mechanism to put value back into the community and the environment and allow more organic systems of economic connectivity and reciprocity to grow, as well as reduce the power of large financial and governmental systems over our lives."