the future of money?
November 02, 2007 by Chris | permalink
I do not believe that ‘money’ will ever disappear. Humans have always needed a way in which to exchange good and services. If one looks at the development of this exchange over the past 2000 years that we know about, this exchange has evolved in many different ways – essentially from the direct to the abstract. The direct was barter. The abstract the belief in the value represented by a piece of paper or plastic one holds in the hand [notes].
I feel that if you really want to talk about the future of money you need to talk about how this ‘exchange’ will take place, not the hard stuff that we hold in our hands [or not]. In thinking about this some more as I write, I think that the question is really wrong. What one really needs to do is to posit what will be exchanged. In the past, the items of most value have varied from humans to salt to gold.....what will it be in another 100 years?
