What is money worth?

Question

money is just metle and cotten, so what is it worth? a life? and why cant you just work for it? plaese help me and i will help you.

Answer 1

money is worth NOTHING. In the U.S.A it is worth it but if you think about U.S.A money wont work in other countries.With gold you can trade for things and get money from that. country

U.S.A money is not worth nothing on others part of the world.Yes there is banks that do trade/exchange U.S.A money but they dont have a bank like that in every cityy

Answer 2

Nothing really

just the paper

it is a belief in a shared fantasy,

build on a promise ,

that somebody may pay a debt that is owed

backed on Gold that does not exist

apart from that it is all in electric messages

if we loose electricity nobody has anything

no bank accounts or credit cards that work.

Answer 3

i agree it can't bring love friends or people back from the dead

Answer 4

Money is mostly just numbers in bank accounts, not physical currency. What are those numbers worth? They are worth whatever you can get for them at any point in time, neither more nor less.

Working to get money may not be the most effective way to get money. What it is is a way to help retain the value of those numbers in your bank account. You create value to exchange for someone Else's money. In a way it is like paying back all the good people who provide us with services or goods.

But this does not appear to be very environmental.

Answer 5

This isn't an environment question. It's an economic theory question.

Money has as much worth as we all agree it does. Same reason why any other item has worth. Of course this gets into the whole value is subjective issue. Money is really just a representation of goods and services and is used to make transactions easier. Everyone will accept cash, but not everyone will accept a goat or an ipod or whatever else you may have to trade.

We can "just work for it". It's called getting a job.

Answer 6

Not a life

Answer 7

Money doesn't have any inherent value. It is simply pieces of paper or numbers in a ledger. A car has value because it can help you get where you need to go. Water has a value because it has a use; if you don’t drink enough of it you will die. Unless you enjoy looking at pictures of deceased national heroes, money has no more use than any other piece of paper.

It didn't always work this way. In the past money was in the form of coins, generally composed of precious metals such as gold and silver. The value of the coins was roughly based on the value of the metals they contained, because you could always melt the coins down and use the metal for other purposes. Until a few decades ago paper money in different countries was based on the gold standard or silver standard or some combination of the two. This meant that you could take some paper money to the government, who would exchange it for some gold or some silver based on an exchange rate set by the government. The gold standard lasted until 1971 when President Nixon announced that the United States would no longer exchange dollars for gold. This ended the Bretton Woods system, which will be the focus of a future article. Now the United States is on a system of fiat money, which is not tied to any other commodity. So these pieces of paper in your pocket are nothing but pieces of paper.

Answer 8

i think the chaps have missed the spiritual dimension of this question.

one of the reasons we have such an unequal and messed up world is the relentless pursuit of wealth.

what price love, peace of mind, future of the planet?

Answer 9

Long before there was money, people traded things. In one area there might be an abundance of obsidian, volcanic glass that is very sharp and which makes excellent arrow and spear heads. A trader might take a canoe load of this to an area downstream where people made fine cotton clothing, and trade to the mutual benefit of each. This system of bartering lasted a very long time.

Over time, as people learned how to make things out of clay and copper and then bronze, and as trading contacts grew, people wanted a more uniform method of exchange. Ingots of copper would be exchanged for a hundred sheep, and then someone in the Middle East (in Lydia about 500bce) hit upon the idea of making coins out of gold and silver. These coins had a very good purchasing power, because everyone recognized that they were easily counted, had uniform values, and were easily transported (compared to herds of cattle, much more easily).

So money is a method of exchange. People exchange their labor for money, because it is much easier to give $10 to your local restaurant than it is to volunteer to wash dishes for a couple of hours each time you want to eat. It's also much more convenient for the restaurant owner, who has only so much need for dishwashers.

People long ago decided that money was at least some compensation for losing a limb or losing a life. German law was based on a series of fines for various offenses, including homicide. If the fine was paid, a clan war could be averted, surely a good thing.

Much later insurance companies discovered that people were willing to pay on a steady basis to insure themselves against losses, including early death.

Money only has relative worth, not absolute worth. I don't understand your question "Why can't you just work for it?" What do you think working people do?