1. What is money?
Money has two parts. The first part is the symbol. The second part is the value this symbol represents.
The symbol is made from paper with highly ornate designs inked into it so as to make it very difficult to counterfeit. In these modern times money also has a serial number inked into it. Money is also made from stamped metal in the shape of disc variations.
In the past many other solid material forms were used as a symbol to represent value. Some examples are gold, shells, beads or any other hard to find or duplicate objects.
The second part of money is value. This value comes from the production of goods and the services exchanged on the Open Market (open to all on equal terms.)
In short, money is a symbol that represents the value created in the production of goods and services. You create money value every day if you create goods and services that are exchanged on the open market.
Instead of you exchanging your production for someone else‚s production, you exchange your production for money units and then you take the money units and exchange them for another person‚s production. This is where the term, „Money is a medium of exchange,‰ comes from.
Even in your family life, your children can create production everyday. Their production comes in the form of their school work, their hygiene duties, their household chores, and in the production of the social behavior you value as a parent. You could set up a fun game with them by exchanging money for each of their products on a weekly, daily or monthly basis. In this way you are teaching them what money is and how to create more of it. When they are out in life they will have a very solid concept of what money is and how to create it and thus have a prosperous life.
Producer Rewarded Open Market Economics
The Science of Economics
By: R P. Obrigewitsch
September 29, 2008
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Axioms of Economics
Constant Money Supply
Money Velocity and Prosperity
- 1.0 Money Velocity and Prosperity
- 1.1 The Money Velocity Cycle
- 1.2 Capital Producing Economics
- 1.3 Vampire Economics
- 1.4 The Goal of a Society
- 1.5 Production Efficiency
- 1.6 Why Money Velocity Slows Down?
- 1.7 Capital Destroying Economics
- 1.8 Producer, Non-producer or Counter-producer?
- 1.9 Razor Thin Path
Open Market Economics
- 1 The Open Market!
- 1.1 Open Market Technology
- 1.2 The True Value of Production!
- 1.3 Market Action
- 1.4 Free Market vs. Open Market
- 1.5 Free Market, Non-existent!
- 1.6 The Open Market Construct
- 1.7 Free Market Construct
- 1.8 Establishing a Market
- 1.9 Producers Create Markets
- 2.0 A Barter or Money Based Market?
Producer Rewarded Economics
- 1. What is money?
- 1.1 What is a Product?
- 1.2 The Four Basic Laws of Economics
- 1.3 Who are the Producers?
- 1.4 All Producers are Workers
- 1.5 Workers and Producers Create Money
- 1.6 Government Products and Services
- 1.7 Non-productive Activities
- 1.8 Work, Energy and Money
- 1.9 Production Creates Futures
- 2.0 Attention and Money
- 2.01 Attention Vacuum and Producers
- 2.02 Attention Vacuum and Producers
- 2.1 Banks Don’t Create Money!
- 2.2 Capitalism Without Rules
- 2.3 Producers, Non-producers and Counter-producers
- 2.4 True Wealth!
- True Wealth Part 2
- True Wealth Part 3
- True Wealth! Part 1
