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Awesomelyglorious
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18 Apr 2007, 10:13 am

What do you think of money? What is money? What is the social role of money? Is money an evil? Or is money a true necessity for any society? Could we actually successfully abolish money while still maintaining the same level of prosperity, efficiency, and progress? Thoughts?



richardbenson
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18 Apr 2007, 1:11 pm

moneys cool. but i wouldnt care if i had it or didnt have it, cause ive been in both situations.



Griff
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18 Apr 2007, 2:11 pm

Awesomelyglorious wrote:
What do you think of money?
It's really a very clever system.

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What is money?
A measure of wealth that is freely convertible into any marketed good or service.

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What is the social role of money?
Buying alcoholic drinks and getting laid are the two most noble uses of any currency.

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Is money an evil?
No. Money doesn't know anything. It's just a bunch of numbers.

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Or is money a true necessity for any society?
Unless a better system can be devised, probably.

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Could we actually successfully abolish money while still maintaining the same level of prosperity, efficiency, and progress?
I don't know/depends.

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Thoughts?
Filthy lucre! It will have us all damned! Repent! Repent!



kt-64
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18 Apr 2007, 3:37 pm

Money shouldnt be the root of all evil, since it is just worthless pieces of paper. But it is, since the worth we put in it. Similar to what worth the cross is to the christians they put value in it, since that is what the holy person died on. Things never have real value in many cases, we put an abstract notion of value upon it. Dont take my Jesus reference the wrong way, my compadres. I am just showing that things only have the value we place on them. And we lose all prespective to the true worth of items.



VesicaPisces
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18 Apr 2007, 5:54 pm

Excerpt from Wikipedia,
"Monad is an English term meaning "one," "single," or "unit," especially in technical contexts. It comes from the Late Latin stem monad-, which comes from the Greek word monos or μονάς (from the word μόνος, which means "one", "single", or "unique"), and may refer to:

* Monad (category theory), a type of functor in category theory.
* Monads in functional programming, type constructors that are used in functional programming languages to capture various notions of sequential computation.
* A monadic function or operator may be the same as a unary one, or one somehow having to do with either of the previous kinds of monad. Monadic predicate calculus is a form of logic based on unary operators.
* Windows PowerShell, a command line interface for Microsoft Windows code-named "Monad".

* Monad (music), a single note, as opposed to a dyad or trichord."

Money has also been interpreted as currency considering its tendency to flow through various sociological channels, just as the current of a river or stream flows. Perhaps this is suggestive of the term "liquidity". The value of money is directly related to the abundance of resources available and with the efficiency at which it can be extracted and utilized. As technology advances, the need for money decreases. This is due to increases in efficiency, extraction, and utilization. Efficiency is a measure of the ratio of input energy to output energy. I believe that if the various sectors of industry were automated, the value of currency would increase and the cost of goods would decrease, ultimately developing into an equilibrium. People would be able to pursue more fulfilling engagements.


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Awesomelyglorious
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18 Apr 2007, 6:12 pm

VesicaPisces wrote:
Excerpt from Wikipedia,
"Monad is an English term meaning "one," "single," or "unit," especially in technical contexts. It comes from the Late Latin stem monad-, which comes from the Greek word monos or μονάς (from the word μόνος, which means "one", "single", or "unique"), and may refer to:

* Monad (category theory), a type of functor in category theory.
* Monads in functional programming, type constructors that are used in functional programming languages to capture various notions of sequential computation.
* A monadic function or operator may be the same as a unary one, or one somehow having to do with either of the previous kinds of monad. Monadic predicate calculus is a form of logic based on unary operators.
* Windows PowerShell, a command line interface for Microsoft Windows code-named "Monad".

* Monad (music), a single note, as opposed to a dyad or trichord."
Monad??? That seems very much unrelated to the topic at hand.
Quote:
Money has also been interpreted as currency considering its tendency to flow through various sociological channels, just as the current of a river or stream flows. Perhaps this is suggestive of the term "liquidity". The value of money is directly related to the abundance of resources available and with the efficiency at which it can be extracted and utilized. As technology advances, the need for money decreases. This is due to increases in efficiency, extraction, and utilization. Efficiency is a measure of the ratio of input energy to output energy. I believe that if the various sectors of industry were automated, the value of currency would increase and the cost of goods would decrease, ultimately developing into an equilibrium. People would be able to pursue more fulfilling engagements.

How does the need for money decrease? Are you arguing that instead of physical dollars, we would have electrical dollars? If so then would it be more akin to physical money taking a different form as we still have the same type of system with the same type of function occuring? Wouldn't that just essentially mean that the buying power of the dollar would increase?



RadiationHazard
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18 Apr 2007, 9:52 pm

What do you think of money?: Good system in Theory, but abused by those who control it.

What is money?
: A form of control.

What is the social role of money?: Status and Control.

Is money an evil?: Absolutely.

Or is money a true necessity for any society?: Unfortunately it is.

Could we actually successfully abolish money while still maintaining the same level of prosperity, efficiency, and progress?: I do not think so. Not with the collective mindset humanity has.

Thoughts?: I hate money so much, but I need more of it. MORE.


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Santa_Claus
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18 Apr 2007, 9:56 pm

Money goes through so many hands I get nervous everytime I pick it up, I think we need electronic money to replace this potentially very dirty bills and coins because I dont want herpies from someone who decided to put a penny in their pants then spend it later.



kt-64
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18 Apr 2007, 10:16 pm

Why do we even need to discuss money, I thought people like us would be above even considering that worthless paper( or cotton, up in canada) had value.



Awesomelyglorious
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18 Apr 2007, 11:00 pm

kt-64 wrote:
Why do we even need to discuss money, I thought people like us would be above even considering that worthless paper( or cotton, up in canada) had value.

Are you kidding? I LOVE money. I want to spend a lot of my time learning about it and one of the last books I read was one on monetary history in the US. To consider money to be useless is a fundamental lack of understanding about the world considering that the nature of money impacts our social arrangements fundamentally. Money is a fundamental part of our current economic understanding of the world, there are important theories on how it arose, on its utility, on how it should be dealt with by a society, and on the effects that money can have on society. I normally do not like coming out like this on any of my subjects but I consider the failure to see the importance of money to be one worth examining.



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19 Apr 2007, 1:36 am

Awesomelyglorious wrote:
What do you think of money? What is money? What is the social role of money? Is money an evil? Or is money a true necessity for any society? Could we actually successfully abolish money while still maintaining the same level of prosperity, efficiency, and progress? Thoughts?


Money is social energy but it has no fixed value because it changes depending on many variables that are directly related to what a person uses that money for, and who's in control of the prices of the goods that person uses.

I think the real problem is that money is obsolete in the sense that it cannot be updated with its true value in real time, I think if we had money that told us are "power ratio" (or EP -- earning power) that would be more useful since the value of money is always in flux because its wholly dependent on prices and other factors usually too complicated for people to keep track of easily.

Money is just an abstract form of what I call "legal displacement" or "access" to items, goods, services, etc.



calandale
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19 Apr 2007, 1:53 am

Awesomelyglorious wrote:
Monad??? That seems very much unrelated to the topic at hand.


Yet interesting, nonetheless.



Fuzzy
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19 Apr 2007, 7:06 am

Money is an idea, given value only by the trust given to the issuing government as to its value by the people holding the paper, metal or digital representation of it. It is a fiat value asigned by its creator, usually a government.



Aspie_Chav
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19 Apr 2007, 10:47 am

If a chicken was money would the chicken be evil
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