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Title: money: a fungible proxy for humanity? Post by: molecular on July 20, 2013, 10:34:22 PM In this video (http://www.youtube.com/watch?v=PfcSHlkDRLA&feature=player_detailpage) devoted Ann Barnhardt, coming from the cattle business and having closed her brokerage for moral reasons (not being able to guarantee her clients funds against reappropriation by the global banking sector), comes forward with an interesting definition of money:
Quote Money is a fungible proxy for man's ability to reason, labor, create and produce. For some reason I get the feeling of sitting in some catholic church school when listening to her, but she has some valid points as far as I watched the first half of the first part of this 8-video sequence. There even is an accompanying workbook. Don't forget to download your workbook! So what do you guys think about this definition of money? Title: Re: money: a fungible proxy for humanity? Post by: shawshankinmate37927 on July 21, 2013, 09:01:11 PM Quote Money is a fungible proxy for man's ability to reason, labor, create and produce. I'm not sure I would call it a definition. I would call it a statement, but would modify it somewhat: "Ideally, money should be a fungible proxy for one man's ability to reason, labor, create and produce that allows him to exchange for the ability to reason, labor, create and produce of others." I think these statements just elaborate a little on the "medium of exchange" and "measure of value" definitions of money. Just a complex way of saying that money should allow for the honest exchange of fish, bread, and beer between the fisherman, baker, and brewer. Title: Re: money: a fungible proxy for humanity? Post by: marcus_of_augustus on July 22, 2013, 11:45:16 AM Quote Money is a fungible proxy for man's ability to reason, labor, create and produce. Once acquired, money is the potential for power/freedom to command/control resources in the future ... (and with freedom comes responsibility, etc). |