Cite This Article
Timothy McGettigan (2013). A Prelude to Good Science. The Socjourn. [http://www.sociology.org/preface-good-science/]
The Rocket Scientists' Guide to Money and the Economy: Accumulation and DebtBy: Dr. S.
Have you ever opened up an economics textbook and looked for a definition of money? Chances are you haven’t but if you have chances are you didn’t find the definition. Introductory economics texts, and even advanced economics text, do a remarkably dismal job of revealing the nature of money. The closest the common man gets to a proper definition of money is that it is a medium of exchange, but a medium for exchanging what? To add to the problem, consider the fact that money is just pretty colored paper with no intrinsic value. It only becomes valuable because we (i.e. humans) give it value. But how do we give money value? Is it economics, politics, or black magic?
The global economy is teetering on the brink of collapse and even the uber wealth admit it is true (as this Youtube interview demonstrates). Find out the truth about the nature of money and find out why debt and the easy way money can be accumulated is behind the growing crises of today. Find out what you need to know, and what we all need to do, to stave off global catastrophe. Discover the truth, save the world. Read the Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt.