12 DEC 2017 by ideonexus

 Money Allows for Easy Conversions

Money is thus a universal medium of exchange that enables people to convert almost everything into almost anything else. Brawn gets converted to brain when a discharged soldier
Folksonomies: money currency
Folksonomies: money currency
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31 JAN 2012 by ideonexus

 Learn Finances

Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to [money management]; for. ... want of attention to pecuniary matters … has impeded the progress of science and of genius itself.
Folksonomies: money
Folksonomies: money
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A lack of money management impedes too much science.

13 MAR 2011 by ideonexus

 Money is Fiction

Ira Glass: For money, afterall, long ago, we used to use gold, and if you wanted to buy something, you had to carry around these heavy, shiny pieces of metal. Then we decided, no, let's just leave the gold in a bank. Instead of the gold, we're going to carry around these pieces of paper, and the paper on them says, "Yes, there's gold. You can take this paper money to a bank, you can swap it for gold." Maybe you've seen old dollars that say on them "Promise to pay the bearer so many dollars in...
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Today there is not gold backing money, nor even bills for much of the money possessed by the people of the United States. It's just and idea we agree upon.

12 MAR 2011 by ideonexus

 What If People Stopped Valuing Money?

Mexico and Chile and Brazil and Argentina were likewise bankrupt--and Indonesia and the Philippines and Pakistan and India and Thailand and Italy and Ireland and Belgium and Turkey. Whole nations were suddenly in the same situation as the San Mateo, unable to buy with their paper money and coins, or their written promises to pay later, even the barest essentials. Persons with anything life sustaining to sell, fellow citizenes as well as foreigners, were refusing to exchange their goods for mo...
Folksonomies: value money currency
Folksonomies: value money currency
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Vonnegut describes a fictional account of the currencies of numerous countries in the world suddenly being no longer valuable, making them just pretty paper.