While at the beach wasting the day away with a hand full of sand, the wind quickly carries it through the slips of the fingers, and away with the wind before there was ever the opportunity to glance at it. This in the eyes of many is the harsh concept of money. What is money and the concept behind it? This is a major question for everyone around the world. As the famous “Stone Money” story stated, money is an item worth value for trade. In order to further explain the concept of money, we will look into how the US currency differs from the Yap’s and the public’s faith in the value of currency.
Between the United States and the Yap’s, each had a similarity with the concept of money. Each used a significant item for value for trade, but what makes an item valuable? Each nation has its own unique and interesting way of trading currency. The Yap’s may have had the most intriguing of them all, giant carved stone. With the hard work and labor to create such an item it therefore had significant value. These stones had huge structures that soon raised questions on how each individual would possess such an item, or even transport it. Quickly enough, the Yap’s soon stopped the transportation of huge stones and rather turned it into property. An individual could leave the stone wherever, knowing that he is the sole owner of that stone. This concept works hand-in-hand with the system of US currency. In today’s society, we have bank accounts with simply a number and as we spend “money”, the simple digits switch around. Although that money is not currently one our person, we still own it. With such an influence, the US adapted this similar concept.
How much faith does one have in the value of currency? After the gold standard was eliminated, the only faith we have in currency is the faith in our government and their power to manipulate us into believing such a thing. The US dollar bill is nothing more than a thing worthless piece of paper labeled by a number, but yet again it is suppose to be worth a whole lot more. How is something so worthless able to be traded for a new car, a laptop, or even education on how our faith in money could be distraught? We work days on end to earn such a thing but yet we are still seeking the faith behind this concept. The only reason we believe this concept is because it is the ONLY true way to make a living. We are forced upon believing that such a worthless piece of paper isn’t so worthless after all. The public’s faith in the value of currency is only present because it is the only trading system that we are able to engage in.
The concept of money can be rather confusing. How can we have so must trust into a worthless, cheap green slip of paper? Whether we want to trust it or not, our only choice is to believe that this system will not fail. We may question why we use paper money, but in reality it is a simpler method to trade. Between our currency to the Yap’s and the faith we have in our system, it is safe to say that we may never fully understand the concept of money.
Cows and Chips:
The beach is often a popular vacation destination on the East Coast. One of the many popular activities for children on the beach is building sand castles, but how long do those sand castles last? The cool, calm waves creep up and wash away each and every sand castle before we know it. They come and go just as quick as money does. We slave to build a sand castle that is something worth while just to see it dissappear shortly after and we are left to build it again. This is the same way with money. We work extremely hard to earn something that we instantly spend and we are left to continue working to earn more money. This in the eyes of many is the harsh concept of money. Many questions that arise is what is money and the concept behind it? This is a major question for everyone around the world. As the famous “Stone Money” story stated, money is an item worth value for trade. In order to further explain the concept of money, we will look into how the US currency differs from the Yap’s and the public’s faith in the value of currency.