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April 21, 2010 Reading Time: < 1 minute

“Money is the most important commodity in an economic system Indeed, money ‘makes the world go ’round.’ This is because money is the general medium of exchange. We sell our products and services for money, and then use it to buy the products and services of others.

Money also permits us to comparison shop. Since all goods are traded for money, every item in the market has its own money price. Consumers and producers are easily able to evaluate the relative money costs of consumer goods as well as the resources with which these goods are manufactured. This allows an efficient and economical use of the resources and commodities in society.” Read more.

“Free Market Money – Instead of Political Manipulation”
Richard M. Ebeling
Freedom Daily, February, 1990.
Via the Future of Freedom Foundation.

 
Image by Salvatore Vuono / FreeDigitalPhotos.net.

Tom Duncan

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