Quote:
Originally Posted by H_TeXMeX_H
Money has not been around for as long as you think.
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It is
said that a first object with function of money appeared 7000 years ago (around 5000 BC). 7000 years seems long enough for me.
Quote:
Originally Posted by H_TeXMeX_H
Certainly it did NOT move people from the stone age to the civilized age, like you seem to think.
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IMO money appeared BECAUSE people moved from stone age. Without civilization there is no need for money.
Quote:
Originally Posted by H_TeXMeX_H
The solution of money solves this by creating an arbitrary unit into which everything can be converted, and is converted.
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Congrats, you just invented money again. Call this unit "credit" and we are all set for single international currency.
Also, it looks like you don't understand one thing.
A grain on the farm costs less than a same grain in a remote location without any farming land nearby. If a product will have same value everywhere ("convert it into arbitrary unit"), then (IMO) everybody dies, because people are selfish and without price difference there will be no reason to deliver food supplies 1000 miles away. IT is said that money "is a claim on human labor". If you keep such interpretation in mind, a lot of things will make sense. You can't pin absolute unchanging price onto everything - same item may be rare in one regions and abundant in others, if it'll have same value everywhere, there will be little reason to move it anywhere else.
Also, although it would be nice to have currency backed up by gold, (IMO) it won't be possible anymore due to existence of "non-material" goods.
Quote:
Originally Posted by H_TeXMeX_H
So, they can print as much money as they want,
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Which will cause money to lose its value. See zimbabwean dollar for reference.
Quote:
Originally Posted by H_TeXMeX_H
I don't expect the system to be simple to implement, but I think it is possible to get rid of money.
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Your system does not remove money.
