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Little 7 Minute Video Explains The Essence of Money

02 Jun

This little video was posted on Ellen Brown’s Public Banking Blog and is a great little tutorial on the usefulness and reason for money – as well as the very simple notion that money need only have a valid form of measurement to be effective for those who wish to use it -

Of course the implication is that the idea of money is as a medium of exchange between parties with items of value they wish to trade or trade for – and that not everyone wants to buy Mr. Smith’s eggs with the proceeds of their own labor – which might, for instance result in shoes which Mr. Smith doesn’t necessarily want right now either.

The Essence of Money, a Medieval Tale (7:36)

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