2006-07-27 11:52:45 · 7 answers · asked by ORIGINQuest 2 in Arts & Humanities ➔ Philosophy
I know what money IS, and what it is used for. I more specifically mean...what is the social/personal cost attributed to the existance of money?
2006-07-28 04:45:07 · update #1
"Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value"
“When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others."
"Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper….are a token of honor.. your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money.”
"Money is made by the effort of every honest man, each to the extent of his ability.”
“An honest man is one who knows that he can’t consume more than he has produced.”
“Money allows no power to prescribe the value of your effort except the voluntary choice of the man who is willing to trade you his effort in return. Money permits you to obtain for your goods and your labor that which they are worth to the men who buy them, but no more. Money permits no deals except those to mutual benefit by the unforced judgment of the traders.”
I see the value what is the cost? What is the cost of no money?
2006-07-27 15:39:49 · answer #1 · answered by Roadkill 6 · 0⤊ 0⤋
Money is a measurement of banked energy units. The value is there only at a net loss to the overall energy available. It is a means of storing more then the needs of the day to be used later or passed along. The cost of this is measured by the overall needs of humanity. If group A accumulates a credit of 5 energy units, that means 5 fewer units are available for group B. This is a simplistic view as the common method of transfer is the exploitation of B by A for unearned net gain. The easiest example is slavery. By exploiting the resources of humans without equitable recompense the holder is banking the produced excess in his/her own account thereby showing a net gain, or profit, of the energy expenditure. At a subsistence level there is no such thing as money because you only take in a day what you use in a day. So, what does money cost? It cost despair and sorrow for the exploited and an unreasonable sense of entitlement for the exploiters
2006-07-27 19:27:08 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The cost of money instead of bartering is that the value of things can radically change based on whoever possesses more of it. And in the case of Governments, they can simply print more and lie about how much they have to back up this supposed value to get ahead of others.
I mean, if you had to trade cows for horses, you'd better have your ducks in a row -- lol...
But you can print a stack of fake cash and buy to your heart's desire, but ducks are hard to wash after the ink gets on them... lol
:)
2006-07-27 19:27:23 · answer #3 · answered by fitpro11 4 · 0⤊ 0⤋
Interest is the cost of money.
2006-07-27 18:55:20 · answer #4 · answered by Mark V 4 · 0⤊ 0⤋
the cost of money is the value of a product imposed by the all those economic dipshits
2006-07-27 21:20:49 · answer #5 · answered by The Lioness 2 · 0⤊ 0⤋
Interest is the rent for money, cost of money...part of your freedom I suppose.
2006-07-27 18:57:25 · answer #6 · answered by quartzwrkngbrain 1 · 0⤊ 0⤋
Greed is the root of all evil. Money just makes it possible.
2006-07-27 21:25:26 · answer #7 · answered by Mark 1 · 0⤊ 0⤋