There is a fundamental flaw in the concept of money as a medium of exchange: it lasts forever. Using a medium of exchange that has perpetual value is incongruous to the valued items it is meant to represent. Equipment breaks down over time, livestock grows old and dies, crops that go uneaten will rot, the memory of a favor or service performed fades, buildings crumble with time. If I have an apple tree and I harvest a bushel of apples, those apples have a bartering value that may last for a short while before the apples become soft and inedible. However, I can sell that bushel of apples for $20 and then hold on to that $20 for as long as I wish. By that system, that bushel of apples has value for the next 20 years or longer. There is an argument that the value of money shrivels over time due to inflation and that could symbolize the devaluation I describe. But remember: one can invest money and gain interest on it to counteract the devaluation noted above. In fact, this is the reason for interest existing as an accepted banking practice. So, money in a sense is like some kind of magic because it stays young and clean forever. . .perpetually sought by the masses.
VIEW 14 of 14 COMMENTS
"Keep It In The Family"
be there!
Oh...wait a minute.