medium of exchange
Zeitgeist: Addendum – Sound Economics?
A recent movie called Zeitgeist: Addendum introduces a concept called Resource-Based Economy from The Venus Project as a replacement to our current fiat based fractional reserve monetary system. The movie raises a lot of questions and observations and I will address here only a few of them based on the article only. Medium of Exchange, Barter, [...]
Money is not the wealth
Money is only a medium of exchange. It is not the wealth. It only presents the future wealth we believe it can provide us in form of goods and services from other people whom we hope to accept our money in an exchange for our desired goods and services. Wealth is created by people who [...]
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