MoneyMunch

What is Money?

What is Money?

whats money

Money is essential to modern commerce as a medium of exchange. In earlier days, money took the form of material objects. As commerce grew, certificates redeemable in gold became popular.

Most contemporary money is no more than a number stored on a computer hard drive and has Value only because people agree to accept it in exchange for things of real value, like their labor.

The fact that most money is nothing but a number is not necessarily a problem, so long as we are clear that money itself has no intrinsic value and structure the money creation process to facilitate beneficial exchanges that build the real wealth of individuals, families, communities, and nature. The fact that money is only a system of accounting entries becomes a serious problem when the economy is managed to make the inflation of financial assets its defining purpose and a few individuals are allowed to game the system to enrich themselves free from the exertions of contributing to the production of real wealth.

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The Moneymunch editorial staff is a team of experienced financial writers and analysts with over a decade of experience in the financial markets. They have previously contributed to popular financial blogs and newspapers, and are passionate about providing accurate and up-to-date information to help both investors and traders make informed decisions. Trust the Moneymunch editorial staff to provide reliable and effective financial advice that can help you achieve your financial goals.

1 Comment

  1. guruji
    You are Realy best money guru of the world.
    I can’t explain how much we have faith in you.
    You are great.

    thank you so much for this type of knowledge sharing to all of us and providing accurate calls………

    Thank you again sir

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