Post
Topic
Board Economics
Re: Money is an imaginary concept, but humanity is enslaved by it
by
johnyj
on 24/03/2015, 00:09:32 UTC
If alien come to earth, they will be shocked by the fact that human on earth will starve just because money printer is not working

Or maybe because it's printing too much.

Now, how could we live without money? If I go to a restaurant without money, how do I pay? Or would they feed me for free? Free beer, too?


Indeed, the concept of money has been around for thousands of years, and after the society split into many specialized industry branch, money as a universal transaction medium facilitate trades between people, people don't know how to live without it, it is like air and water

Maybe someday in future, when everyone could produce everything they want with the help of a robot, trade will become unnecessary, then money will disappear. But due to human's limited life time, specialization is very possible to extend further, thus money will never disappear

If money is always needed, then the best we can do is to make sure it distributed based on the fair trade principle: Market decide its value and its cost is close to its face value