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<p>[QUOTE=&quot;cladking, post: 783780, member: 68&quot;]We&#039;re in general agreement but let me expand a little on my concept of &quot;perspective&quot;.&nbsp; </p><p><br /></p><p>People act on their beliefs.&nbsp; It&#039;s really the only driver of actions ultimately.&nbsp; We believe what we want to believe then our actions are constrained by these beliefs.&nbsp; To a very large extent our perspective is the result of these actions; what we see is determined by what we do.&nbsp; Money is at the root of many peoples&#039; motivations.&nbsp; It&#039;s a means to keep score and it represents security and sometimes one&#039;s self worth.&nbsp; It&#039;s only a means to an end to others.&nbsp; </p><p><br /></p><p>But to all of us the value is dependent on the collective estimation of its value.&nbsp; If one doesn&#039;t value the currency he&#039;ll trade it for German Marks or land in Dallas.&nbsp; We try to keep our wealth in forms that are most able to maximize that wealth based on our beliefs or perspective. It is this constant buying and selling of assets and money which defines the (monetary) value of all things.&nbsp; </p><p><br /></p><p>The nature of money is critical to this estimation of value and the belief of most individuals to its value.&nbsp; I believe the big reason for the rampant waste in our system is that people don&#039;t value money and this goes many times over for other people&#039;s money.&nbsp; Huge amounts of money flow to boondoggles in government and industry so employees see little point in efficiency.&nbsp; Why save a dime on a dozen eggs when the stores just jack their prices up and down endlessly and you get a paycheck every week anyway.&nbsp; If you get a big government grant to study muon particals then money mmust be cheap.&nbsp; When you buy a defective product you become more likely to just throw it away rather than get your money back.&nbsp; </p><p><br /></p><p>There are lots of reasons for treating money this way but among them is the knowledge that it&#039;s going to be worth a lot less eventually anyway.&nbsp; </p><p><br /></p><p>These things don&#039;t necessarily foster waste on the individual level but they certainly do on the societal level.&nbsp; </p><p><br /></p><p>You&#039;re obviously correct that just changing the nature of money won&#039;t change a thing.&nbsp; So long as politicians can gut the currency through deficit spending, they will.&nbsp; This requires that we vote for better&nbsp; politicians and this is really tied in with the nature of money since we&#039;ve all been trained to vote for the guy who will lower taxes or the guy who offers the most to more people.&nbsp; Both of these actions will damage the money if the promises are kept.&nbsp; </p><p><br /></p><p>So it always comes down to education.&nbsp; Untill we teach people to read and write again there seems little chance to have sound money because we&#039;ll be voting for promises and the status quo rather than efficiency and innovation.[/QUOTE]</p><p><br /></p>

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