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What would your response be if I posited that money is memory? That money is a token that represents ("in the abstract") the memory of an exchange for goods and
by roymurdock 13y ago
What would your response be if I posited that money is memory? That money is a token that represents ("in the abstract") the memory of an exchange for goods and services?
It is this memory that allows me to buy a camera from someone who doesn't know me. She knows that I earned the money somehow by giving something of value away to another member of society.
Would this be harder or easier to explain to a 3rd grader, and do you think this explanation has merits?
- tjr 13y agoThat's interesting. I suppose it's true; the money, be it in the form of paper bills or numbers in an account or whatever, is simply a record. If we all had perfect memory and perfect trust in each other, we could operate based solely on recalling the amounts credited to us. Is that what you're getting at? While perhaps a fine extension of the train of thought, I personally find that hard to think about, I suppose because, in practice, dealing in terms of memory money would be harder than exchanging documents, and the advantages of using money rather than direct bartering and trading become less clear.