Quote from: thaaanos on January 27, 2015, 04:40:52 PM

Quote from: mirelo on January 27, 2015, 04:15:38 PM

Quote from: thaaanos on January 27, 2015, 03:49:54 PM

Quote from: mirelo on January 27, 2015, 03:34:42 PM

Quote from: thaaanos on January 27, 2015, 03:11:19 PM

Quote from: mirelo on January 27, 2015, 02:48:15 PM

Quote from: thaaanos on January 27, 2015, 02:29:49 PM

For me money is a token of trust. The value of it simply is a derivative of the trust.

So the more you trust your ten dollars, the more they can buy?

Isnt it self evident?

But on a serious note you dont trust the dollars they are the token of your trust to economy, society, that the commodities you buy are up to your expectation, your employers will do their job etc, or if you like that god will not end the world tomorow

Money depending on trust does not mean its value derives from that. Instead, it derives from the proportion between the exchange value of all commodities and the amount of money available to express it.

Money * is* trust. If you know that the world will end tomorow, if you know that central bank will flood dollars tomorow will the value of dollar be captured by exchange and volume, No you value the dollar beause you trust that a new day will dawn, that fed will behave.
How would you value your dollars if you knew you would be dead tomorow?

Can I go to a restaurant and say: "I do not have any money, but I have loads of trust, so serve me your best meal"?

You will go to the restaurant and say "hello I am a trusted member of the society, here is proof, I trust that you will do the best to acomodate me, let me give you some tokens of that trust"

Would you call someone who goes into a restaurant and orders a meal without having enough money to pay for it "a trusted member of the society"?

Perhaps its formerly trusted member...