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Economic's and Money Section
Articles in this area of the Library deal with economics, corporate responsibility, money systems, and currency.
Please feel free to post your economic articles as a Page in the Library. Readers wishing to discuss content on a particular Page please start a thread on that Page.
What is Money? Watch the Video:
"Money is not the same as Value (economics), the latter being the basic element in economics. Money is central to the study of economics and forms its most cogent link to finance...
Money is generally considered to have the following characteristics, which are summed up in a rhyme
That is, money functions as a medium of exchange, a unit of account, and a store of value.
The absence of money causes a market economy to be inefficient because it requires a coincidence of wants between traders, and an agreement that these needs are of equal value, before a barter exchange can occur. The use of money is thought to encourage trade and the division of labour." ~ Wikipedia
Money as created today is Debt, borrowed against future consumption and taxes (see article) in order to fund the production side of the economy. Watch the big story, the histroical perspective in the following Video: The MoneyMasters
| What is Money? and what is Debt? |
| This highly informative and easy to understand film covers just about everything that isn't taught in school regarding the corrupt banking system. It explains how these institutions get away with robbing the unsuspecting public by creating monetary policies designed to enslave society, while keeping the system in a perpetual state of rising debt. |
What is Money? Watch the Video:
"Money is not the same as Value (economics), the latter being the basic element in economics. Money is central to the study of economics and forms its most cogent link to finance...
Money is generally considered to have the following characteristics, which are summed up in a rhyme
found in older economics textbooks:
Money is a matter of functions four: a medium, a measure, a standard, a store."
That is, money functions as a medium of exchange, a unit of account, and a store of value.
The absence of money causes a market economy to be inefficient because it requires a coincidence of wants between traders, and an agreement that these needs are of equal value, before a barter exchange can occur. The use of money is thought to encourage trade and the division of labour." ~ Wikipedia
Money as created today is Debt, borrowed against future consumption and taxes (see article) in order to fund the production side of the economy. Watch the big story, the histroical perspective in the following Video: The MoneyMasters
In a capitalist society, the creation and nature of money is of tantamount importance. The American Founding Fathers went to war with George III, declaring their political independence to defend their monetary independence, and that monetary independence remained the subject of intense political conflict right up until the Federal Reserve Act of 1913. This is a comprehensive - though watchable - history of that conflict. It’s a long one (3 hours 35 mins), but happily it’s divided into chapters so you don’t have to watch in one marathon session.
See also Money As Debt, for a succint explanation of the mechanics of money creation in capitalism.
See also Money As Debt, for a succint explanation of the mechanics of money creation in capitalism.
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