The root of money is…?
Don’t ask questions unless you’re prepared for answers you don’t quite understand. I sort of get the answers to my second question (see previous post) and I sort of don’t. I buy that wealth evidently isn’t a zero sum game, since this is obvious from observing the system. I could also comprehend if efficiency, innovation and alike contribute to the creation of wealth, but what I guess I’m not seeing is: how does that efficiency actually create more money? Where is the point where the extra money materialises? Could somebody give me an example? Am I mistaking money for value itself when it is only a system for reifying value? Aaargh I’m doing my head in. Never was a money person. Should learn though, shouldn’t I.
Aha. Your question about money was cleverer than we had realised. It was actually about money rather than wealth.
The answer is that goverments make rules about “money supply”, which their mints, and presumably also private sector banks, then follow. I know that much. It was the subject of a lot of debate when monetarism was in fashion in the 80s. I don’t know what the rules actually are at the moment in any specific countries though.
Jason
An alternative to learning about money is to give all of it to people who do.
The great thing about this system is you don’t have to do anything – that’s already happening! (Cue debate)