Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Money is the Root of All Evil

Politics / Social Issues Jul 28, 2010 - 02:52 AM GMT

By: Viresh_Amin

Politics

I just recently over heard the one line solution to all our problems: "Money is the root of all evil".

The way this sort of person talks, we should get rid of money all together. If that person picked up a book or two and started to read a little more he would properly state, "government money is the root of all evil".


Does anyone truly believe that a long time ago government devised the idea of money and all of a sudden we had a medium of exchange? That the first people to use this freshly printed money, bowed to the government because all of a sudden they were now equipped with this magnificent way to interact with each other.

Ask any person where money originated from? Thats almost as good as the man on the street interviews. Almost.

It's disheartening that most people never spend the time to think about how money originated, yet for most people it's the very thing they try to acquire the most of in their life. It's even more disheartening to see that people don't even come close to knowing the difference between government toilet paper and natural money.

Just when you think people are finally learning, someone will have a solution for our social problems with a one liner interpretation: "money is the root of all evil". Ugh!

The sort of solution-to-get-rid-of-their-uncomfortable-feeling-of-not-knowing-a-proper-answer thought reminds me of the flash crash on May 6th 2010. "It was computer error". They always evade the perfect programmers. Somehow the underlying problem is never heard of.

Anyone that believes this nonsense wouldn't even have the slightest idea, that without use of money, we would quickly slide back to barbaric times. Sadly ninety-nine percent of the population would be "sleeping with the fishes".

If you believe the rapid fall in the standard of living during the Great Depression was quick, try imagining what will occur without that so called "root of all evil."

We have all seen the look on the cashiers face when a miser gives him a hundred or so pennies to buy a pack of gum. If you believe the cashier's face at this particular instant is hysterical, then you must try as soon as possible to exchange your small box of paper clips for a pack of gum. I must warn that if you understand money and barter correctly, you may just die of laughter.

For the believers in heaven and hell let’s make an analogy. The transition phase from barter to money should be properly defined as the equivalent of going from hell to heaven. There can be no better analogy, at least for this group of believers.

If you seriously don't believe me try bartering around and see how far you can get with that kind of primitive, satanic behavior. If you wish to make it a little more interesting, try running a business purely based off barter as exchange. Best of luck to ya!

If you are somehow successful at this, I'm sure government will find a way to make sure you’re rewarded properly for your success by taxing you. Don't take it personal now. They do it to all people who in any shape or form improve society. It's the nature of the beast you see. If you’re successful there is always someone out there trying to take your credit. (Al Gore and his beloved invention, the internet, come to mind.)

Somehow the person who says "money is the root of all evil" will have to face the facts. In a world where people get disgusted by the simple act of just looking at someone, how are we to expect that person to live in a primitive society where the Kimberly Clark Corporation isn't there to sell you toilet paper?

By Viresh Amin

viresh_amin89@hotmail.com

An Austrian economic, Libertarian, and Anarcho-capitalist writer.

    © 2010 Copyright Viresh Amin - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in