How Does Money Work? - Deepstash
How Does Money Work?

How Does Money Work?

  • Money is not coins and banknotes.
  • Money is anything that people are willing to use in order to represent systematically the value of other things for the purpose of exchanging goods and services.
  • Money is thus a universal medium of exchange that enables people to convert almost everything into almost anything else.
  • Money isn’t a material reality–it is a psychological construct.
  • Trust is the raw material from which all types of money are minted.

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prince_rahul

The more one seeks to rise into height and light, the more vigorously do ones roots struggle earthward, downward, into the dark, the deep — into evil.

“People don’t like to think, if one thinks, one must reach conclusions. Conclusions are not always pleasant.” — Helen Keller

The idea is part of this collection:

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If the modern paper-money economy were to collapse, we would fall back to gold.

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