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RE: ‘Why mainstream forms of money are evil’ - in under 10 minutes

in #threespeak5 years ago

I think there is a coming of age happening where enlightenment about money reaches the general public. Money is not actually a medium of exchange. Money is a method of measuring/assessing the commercial value of an item.

This quote by Alan Watts was very enlightening to me:

They think money makes prosperity. It’s the other way around, it’s physical prosperity which has money as a way of measuring it. But people think money has to come from somewhere… and it doesn’t. Money is something we have to invent, like inches.

So, you remember the Great Depression when there was a slump? And what did we have a slump of? Money. There was no less wealth, no less energy, no less raw materials than there were before. But it’s like you came to work on building a house one day and they said, “Sorry, you can’t build this house today, no inches.”

“What do you mean no inches?”

“Just inches! We don’t mean that… we’ve got inches of lumber, yes, we’ve got inches of metal, we’ve even got tape measures, but there’s a slump in inches as such.”

And people are that crazy!

Alan Watts, Philosopher

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Hahaha! Beautifully said! I love Alen Watts for his amazing way with words. Thanks for this comment. 🙂

@wil.metcalfe He certainly knew what he was talking about. He is one of the few modern philosophers that acknowledges that fiat tokens (money as some call it, is inherently lacking of any value).

Haha.. I am not an expert in 'the great depression' - it's an area of history I haven't really studied much - but i like the metaphor!