So What Is Money Truly? Let’s Have A Closer Look!

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True Money What is money? What properties should money have? What has been used as money in the past and why was it used? What determines the value of a currency? How do we ensure the stability of our currencies? What is debt based money? What is a state owned currency? This article will examine all these topics and much more in great detail so that we can develop a clear picture of our modern monetary system and expose its flaws. WHAT IS MONEY? Lets boil it down to 2 very simple dot points: medium of exchange store of value Back in “the day” when the use of currency was less common than it is now, people would often conduct trade by bartering directly with what ever they had, food, animals, etc. Humans soon realized that this method of conducting trade is very tedious and that by using smaller and lighter objects with a commonly agreed upon value, they could conduct trade without having to lug around the items they wished to trade with. The objects we use as a currency act as our “medium of exchange” so that we don’t have to barter with other less convenient objects. Because …