01-28-2018, 11:26 PM
Having worked in the financial industry for over 20 years, my conclusion is that money works because of fear. Fear leads to greed, they are the same thing. I have dealt with very rich people, they fear losing what they have to the degree they cap their spending and do not want to lose what they have. The poor fear not having enough to pay their bills. It does not matter what the monetary system is, cash, electronic, crypto, or barter, it all leads to the same emotional response, fear and greed. Arguing for the best monetary system is like arguing what you would like your prison cell contructed of, steel or concrete, either one will do the job for your lifetime.