Thursday, June 7, 2012

More about Money

It seems to me that the very concept we have of money is broken, whether it's symbolized by paper or by metal, whether its symbols are manufactured by nation-states or land-lords or corporations. It behaves in ways we don't allow any other technology to do.

I mean, what would people say if, once 90% of a population had cars, half of them wouldn't start?

How about school grades? What if when more than 4/5 of the people in a class knew the material, the curriculum suddenly changed so that there wasn't too much knowledge?

But money is also a technology and it does work this way. If everyone had enough money, prices would go up until some of them didn't. And we tolerate this. We celebrate this!

Money is a tool. It's a technology we created to serve us. And now is the time to ask whether the kind of money we currently have is the best tool for the job of managing the economy we currently have. Money is a means, not an end. Is it doing its job?

It doesn't seem like it to me.

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