Is the value of money, Moral value? Psychological value? Real value? Or what?.
Dear Dr. Tariq, I think its value, comes from the currencies which are cover it and the contract of providing value of things.
Yes Prof.Jiri Patocka, as Dr. Emad commented above, but In terms of psychology, what does the money mean to you?
Everybody knows very well that money is a system for interchanging goods and services. As a simple man using this money to buy or to save for my future use, I have found our current system of money a disastrous failure. I believe our current money system is a very important cause of current wars, terrorism, lack of safety, poverty and diseases.
Dear Colleagues,
Good Day,
Please, see "Money in the Broader Sense"...
Hi,
Money is means of transaction. It means a lot for those empty-minded people. Most important is time that and your efforts in manipulating time to change what yo can change to make the world better.
Although I work at a gimnasium specializing in foreign trade and economics, I myself am not an economist, nor do I have a degree in business or finance.
To me, money is neither good nor evil. It is simply a system of exchange by which we simplify our lives. Think of what came before it - barter. When a baker would need a new pair of shoes, but the cobbler is allergic to wheat, the baker was out of luck. Perhaps he would get creative and go to the metal smith, trade bread for a tool that knew the cobbler would need. Then he returns to the cobbler and trades the tool for his desired shoes.
Money simplified life. Money is an inter-societal system of exchange that is given a stable yet arbitrary value -- 1, 10, 1000 units - it does not matter. But it has to be agreed upon by everyone. There is nothing evil or bad in this.
The problem comes in how we handle money. It is like dealing with magicians. Their goal is to keep more money than is agreed upon. They make a slight of hand and we think we are getting what we agreed upon, but we are not, they financial "magician" got more than was agreed upon by the system.
What makes money such a problem is how it is handled. Mix money, an easy exchange of value, with evil intent, and we hurt people. Ultimately everyone is hurt. The problem of money is the dark heart of man.
That is a crude analogy, but my basic view.
Money is the savior and defeater of persons, organizations, and societies. It's perfect, moral, psychological and mental handling, use, and application can decide the fate of its holder.
Dickson Adom
Dear Colleagues,
Good Day,
"What is Money?
Money is primarily a medium of exchange or means of exchange. It is a way for a person to trade what he has for what he wants. Ideal money has three critical characteristics: it acts as a medium of exchange; it is an economic good, and it is a means of economic calculation.
.....
What is the best form of money?
In actuality, the best approach is to let the people (the free market) decide what they want to use as money. There is no need for a central bank, government control, or legal tender laws. History has shown that, when left up to the people, silver and gold tend to gravitate to the role of money for the following reasons:
1. scarcity – supply cannot be manipulated like fiat money which causes the boom and bust cycles in the economy
2. durability – gold and silver will not rot which makes them a great store of value
3. fungible and divisible – they can be divided into small, interchangeable amounts which make them ideal for trade.
4. portable – Their high concentration of value allows you
to carry and store substantial value
5. proven – gold and silver have been used as money for over 6000 years of recorded history.
6. use value – both gold and silver have tremendous use value in the industry. The highest use value though is in their role as money
A new currency named “bitcoin” is generating much interest due to its similar characteristics (see Bitcoin: A New Commodity Created To Serve Market Demand and Further Observations On Bitcoin, Digital Currencies, Privacy, and Liberty)"...
Please, go to the attached website link for more details...
https://economicsandliberty.wordpress.com/what-is-money/
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