Joined: 19 Nov 2010
Location: Taylor Ranch, NM
|Posted: Sat Mar 15, 2014 12:36 pm Post subject: Money
|The fundamental base of all economies - from aborigines worshipping crashed WWII bombers in Myanmar, to Wall Street, and every 7/11 in between - is the "money" used to represent a percentage of goods necessary for life (for example, how many dollars, or rubles, or pesetas, or pounds, or shiny objects, etc. are needed to purchase the food, water, clothes et al necessary to subsist for a day, or month).
There is no divine regulator, nor "law" of nature/commerce/economics, to determine the value of the monetary units in use. The value (in regard to % of basic needs) is determined by men/women in government, in central banks, in other private banks, and in the marketplace.
The history of the world is that we haven't got it right yet. Every civilization and every government has disintegrated in debt as the "money" is distributed and redistributed, rising to the top like unhomogenized cream in a bottle of whole milk. Unfortunately that last example (analogy/metaphor) is probably not understood - except by the quite old, and by the quite few younger, who by choice or necessity, understand from where and how milk and cream arrive to our lattes.
And that non-understanding of money and its flow is the greatest barrier to reforming our economy in order that every citizen - of the U.S., and of the world - have opportunities to actualize their unalienable human rights to life, liberty, and the pursuit of economic and other happiness.
The following - dry and complex; boring if you will - does advance our understanding of money if we really think about each concept and implication. And understanding is necessary if we are ever to re-form our economy by changing the current laws and regulations regarding money, trade, and commerce.