Money! Currency Makes the World Go Round But Productivity Creates True Wealth!

A layman's explanation of economics and the dawning of a new age.

Julian Hochgesang Unsplash

My simple layman’s view on money

Today, we are dealing with rapidly rising inflation. The far-right has a simple explanation, Inflation is the result of the coronavirus stimulus, that went directly to the people rather than to corporations and institutions. This is inevitably followed by ”There is no such thing as free money”.

What is money? It is an instrument of exchange that is used for the sake of its greater convenience than bartering. In the act of bartering, it is transparent that what is being bartered is what a man produces and that productivity combined with resources is the true source of wealth. If there is nothing to barter, there is no need for money. Resouces are the capital. The original capital resource, before money was invented, is the earth and its natural resources.

Fiat currency is monetary currency, which is the flow of money. The United States federal government regulates the currency as a function of one of the enumerated powers of th…