I find it almost impossible to discuss anything social (as in, anything that goes an inch beyond personalistic issues) with almost everyone because almost everyone holds an assumption that i think is not only wrong, but moronic wrong. So wrong it is stupid. The assumption is that money is the source of all things.
You can phrase it anyway you like, it still goes totally against any primary grade knowledge of economics. Money is a symbol. It is useless by definition, as in if it had a use the swings in that use would render it a bad means for exchange. So money is exchange, but it is also exchange in time, something you want to trade for something else at some other time. So, to be precise, money is savings.
Again, all of the above is the most basic economics. There’s nothing complicated or advanced there, simply because i know almost no economy at all. But the above leads to the obvious conclusion that money is not a source of anything, it is only a form of storage.
A descriptive metaphor would be: Money is like batteries, but the electric charge must come from somewhere else. Read More »