Friday, January 9, 2009

Money for (is) Nothing

What is money? Money, as we know it has no intrinsic value (at least, none to speak of). It is nothing more than the middle man in a barter system. I get money from my employer because I have something of value to give. I give that money to someone because they have something of value to give me. The money, in and of itself, is worthless.

Right?

1 comment:

Dad29 said...

Well, it's getting there.

No gold-standard, no silver-certificates...it's all "Full Faith and Credit" of the USGummint.

Except if China doesn't like the "faith and credit."