User:Average/Money

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Money is an interesting and important topic. On the one hand it grants greater liberty by offering a level of indirection of value storage. That is, it allows a free market where the buyer doesn't need e a trade item that the seller wants because money is convertable to anything as long as everyone agrees to it.

How do you get everyone to agree with it? Well, you can either have the domains of law (defined by some written statement which becomes it`s ipso facto Law) or domains bound by principles. The United States has had both, which is part of the reason it's one of the most powerful currencies in the world. But the power of these ideals and America's failing at executing them is stirring a transition -- a possible reason not to give up on the United States if you're a fellow citizen.

Money is not the same as wealth if the money is not tied to either principles or a scarce item of common value, like gold (consider, for example, printing your own trillion-dollar note). America's ideals were noble, but since they haven't been upheld, the dollar should, in theory, be valued at the level of the Peso, the currency of its Mexican neighbor, a country that believes in liberty and justice.

A community can make its own money (borrowing from the principle that "everyone agrees to it") if it feels that the current one doesn't reflect the values of their community. Key elements of currency are irreproducability, tradeability (size conducive to it), and stardardizable. (STUB Purity?)


In the New World Order (see Hack the Law #4), money is minted on precious metal, with the same units for each country. Different countries will have different faces showcasing the highlights of the region, but will be freely tradable across borders.


See also: