Massive analyses over millennia about “money” have created such noise that most societies fail to separate the compounding noises from what this human invention is about.
A simple example illustrates money’s crucial role. Say there are 1,000 rights to goods and services to be transferred now and in the future, be it domestically or across borders. In the absence of an agreed upon monetary yardstick there would be 499,500 possible relative prices to be haggled about, as each commodity and service would be priced in relation to every other when entering into a contractual agreement. With one common – trusted - yardstick, there would be 999 prices and that’s it.
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