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What Is Money?

I have a dear relative from South America who has always held money in contempt.  She sees it as something dirty, and this attitude has led to her not having too much of it – often choosing to work for free and always working without much regard for her level of compensation.   I understand very well where her negative attitude came from inasmuch as many of those who have wealth in her part of the world gained it through corruption or by preying upon human weaknesses (drugs, etc).  Yet, as I explained to her recently, it is not money in those circumstances that deserves her disgust, but instead the people who have chosen those paths of gaining money.  

In my observation, money is the reflection of our human productivity.  It is the product of all of our energy, creativity, dedication, action, and sacrifice.  For most of us, our productivity is beautiful and is essential for the world to function.  Therefore, the money we receive for this production must also be beautiful as it is directly representative of the value the world places upon that production.  When a person leaves their home and says goodbye to their family to go to work, the family cannot really see firsthand what that individual does all day.  They cannot truly appreciate or be proud of the effort expended on their behalf.  Yet when that individual returns with money as the representation of that work, and when that money supports the family, the members of the family can indeed be appreciative.  

It is for this reason that Quantitative Easing, or the printing of money by central banks, is evil in that it undermines the unwritten contract that we as workers and producers ought to have with our government – which is that the rewards for our efforts will not be trivialized through the manipulation of our monetary system.  Ideally, our monetary system needs to be protected by our government representatives with great vigilance, to insure that our productivity is appropriately rewarded and that its value is protected and bolstered, and never allowed to be diminished or decayed.  It is also for this same reason that taxation needed to support wasteful government spending, or any government spending that is not truly essential for the sustenance of our society is also evil.  Without a commitment to transparency by our government, both of these actions amount to grand theft and ultimately will be viewed as such by the majority of those who produce and who will not wish to tolerate it for much longer.  There are clear signs today, including the polling in the Republican primary, that we are approaching that time.

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