Should money be based on a new standard?

[gingerjedi]

Orbited Lave.

To be honest my usual course of action was: Take off > 180 degree turn > shoot Lave > try to survive as long as possible whilst hoards of 'rozzers' retaliated.

I was only about 12 years old so the trading aspect didn't really appeal to me.

[NotAllThere]

- love of money.

Money is a thing, it doesn't have the emotional range to be evil.

Wasn't it some religious bloke who said that?

Try the Röntgen Standard http://www.larryniven.org/stories/roentgen.shtml

A healthy economy depends on money circulating fast. Make it radioactive and it will certainly circulate... The profession of tax collector would carry its own, well deserved penalty.

[BrilloPad]

Is that a no vote to the Euro then?

I think it means there sahould be political union before monetary.

[zathras]

I know little about money having never owned much of it. What I have owned is small numbers in a bank, or big numbers with a minus sign in front in the building society. Nevertheless it buys me things and get me around and from that I can estimate its true worth, but its value changes constantly and it is not easy to convert to its proper worth. Money is a bit of a meaningless quantity historically linked to bartering and to limited natural resources like Gold. It's worth is also subject to meddling with by politicians and money experts who move it around and make mistakes and get greedy.

Money is nothing more than a promise from (in the UK) the BoE to re-imburse the person presenting it.

It's value is related to what is held by the BoE on behalf of the Government. Of course if you are Gordon Brown you take a large chunk of it (Gold) and decide to sell it off at bargain basement prices. Because you do not think this is cheap enough you announce your sale beforehand; thereby ensuring it is worth even less.

It's value goes up and down when the interest rate changes because the base rate is the interest charged by the BoE - the larger the rate the larger profit and hence the money is valued more.

Ditto when productivity increases. This increases CT reciepts and therefore tax reciepts and the money available.


So the money in your pocket already has an intrinsic value.