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Money


HousePriceMania
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HousePriceMania

My child asked me what money was at the weekend.

The birds and the bees get on fine without it so why don't we.

How would you describe money to a child ?

This is what I came up with.

image.thumb.png.b86a7ccace07f11cb6062e3ea1129993.png

 

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BurntBread

We are intensely social creatures, almost as much as bees and ants, but our interactions with each other are though mutual obligations: helping and expecting reciprocity, doing favours, and having favours done for us, in turn.

Money simply lets us transfer obligations from one person to another, from one thing to another, and to divide them into smaller obligations.

I think this covers both the "store of value" and "medium of exchange" functions of money.

I think money can sometimes arise naturally, like wampum in the Americas, but more often in history, it is forced on people as a mechanism for collecting real goods from a subject population without having to understand their economy. You do this by giving tokens to your soldiers, and demanding that taxes from the conquered people be paid in the same tokens. Then, automagically your soldiers get fed and housed with no further thought from you or the soldiers.

Edited by BurntBread
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VeryMeanReversion
5 hours ago, HousePriceMania said:

My child asked me what money was at the weekend.

...

How would you describe money to a child ?

 

A promise being broken.

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Wight Flight
6 hours ago, HousePriceMania said:

My child asked me what money was at the weekend.

The birds and the bees get on fine without it so why don't we.

How would you describe money to a child ?

This is what I came up with.

image.thumb.png.b86a7ccace07f11cb6062e3ea1129993.png

 

How fucked up do you want your child to be?

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wherebee

"Money is something that lets us give people things in exchange for things we want at different times.  If I have an apple tree in the garden, and the man across the street has a lemon tree, I can give him an apple now and get a pound.  When his lemons are ready, he gives me a lemon and I give him a pound back."

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15 hours ago, HousePriceMania said:

My child asked me what money was at the weekend.

The birds and the bees get on fine without it so why don't we.

How would you describe money to a child ?

"Ask your mother, she has far more experience of handling it than I do, but she doesn't keep hold of it for very long!":-)

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reformed nice guy

"Gold is money. Everything else is credit." JP Morgan

Edited by reformed nice guy
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HousePriceMania
11 hours ago, Wight Flight said:

How fucked up free do you want your child to be?

 

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