Posts Tagged ‘Exchange’

What Is Money?

Wednesday, November 4th, 2009

The most basic definition of MONEY is whatever COMMODITY (be it a product, service, or information) that is perceived to have the most EXCHANGE VALUE for what we desire. Getting what we desire often requires trading, bartering, or otherwise exchanging something for something else (be it our time, attention, knowledge, labor, possessions, connections, future possibilities, or even lives). (more…)