Someone clearly skipped their economics 101 lesson. Money is a means of exchange, with supply and demand, it regulates our resource use. Why is it needed? Becau

Someone clearly skipped their economics 101 lesson. Money is a means of exchange, with supply and demand, it regulates our resource use. Why is it needed? Because without prices, sane economic decisions are impossible. With so many choices on what to produce and what to produce it with, and with scarcity in mind, we have to have a way to put resources to efficient use, instead of just guessing. Having prices that come from supply and demand has been historically proven to be the best way of putting resources to efficient use. Not only does the video fail to acknowledge the importance of a price system, but it comes bundled with a couple of flawed premises, one of them being the Marxist theory of technological improvement leading to unemployment in a capitalist society. To anyone who thinks that 'Yes! I hate bills! I feel so unfree!', I can sympathize. However, don't assume that the alternative that is proposed is any better. Check this out: http://en.wikipedia.org/wiki/Economic_calculation_problem http://en.wikipedia.org/wiki/Economic_calculation_problem