If money were worthless and without value, how would that effect our society is the US?

Question

I've always heard that a day would come that money would have no value. Thinking about this the other day, I realized that money keeps order in our society. For instance, grocery stores would be impossible if everyone could go in and shop for free, there would be mayhem and chaos. People would fill 3 and 4 carts up to the brim, right? Unless there was a strictly regulated system. What do yous guys think?

All these answers rock and you people rock.

Answer 1

There's not enough room here to fully answer this question but compared to its value 100 years ago, a dollar today is nearly worthless. 100 years ago, you could get a meal and a room at a boarding house for $1 and today it would be at least $50 for the equivalent. From that perspective, our money today is worth only 2 percent of what it was worth 100 years ago... pretty worthless, actually.

Then again, 100 years ago, you couldn't buy a TV, computer, antibiotics or a heart transplant for any price. A bacterial disease like syphillis or septicemia was a death sentence. It's pretty interesting but it will drive you crazy if you think about it for too long.

Answer 2

that's bordering on the side of communism....
not the scary communism, but the true sense of everyone is on equal status communism.
however, the human condition prevents this from being successful. people need to have status and a form of superiority over others in some way.

so, if money no longer had value, then we would find another way to give things value. like a barter system.
you want your house painted?? o.k. then, give me 4 chickens.

know what i mean??

Answer 3

You could live the way the poor do by trading services and goods. Don't wear the latest fashions. Just what fits. And make your own style. Grow your own garden, stuff like that. You'd be surprised how well people live without money.
But I think they will declare bankruptcy and switch to cards before they will completely devalue the dollar.

Answer 4

Money itself could lose its face value, but that does not mean there there will be some type of trade going off to pay a debt. Remember, you still have Gold, Silver, diamonds, oil, and other things that hold value to us.

Answer 5

While money may keep order in society it also corrupts society.... take the Jack Abramoff scandal with the senators. Or large corporations that keep the money for themselves instead of giving it to the people that make their companies work..... Or Exon Mobile...... money sucks

Answer 6

I think eventually we will become a cashless society, but there will be a substitute. There will be balances in bank accounts and credit card statements. But if there were no such thing, we'd go back to the barter system.

Answer 7

I have news for you - our money is worthless for the most part. The Federal Reserve does not have the gold and silver it once had to cover the paper money and coins.

Answer 8

Money has no value other than what people will trade you for a piece of paper.

Answer 9

There wouldn't be a strictly regulated system.
If there's no money, how would we compensate someone who was in charge of regulating a system?

Answer 10

That day wont come. The world will be a mess without money, so money will be reinvented right after "that day"