{{
`${userDetail.user.displayName}${userDetail.user.cachedBungieGlobalDisplayNameCode ? `#${standardizeBungieGlobalCode(userDetail.user.cachedBungieGlobalDisplayNameCode)}` : ""}`}}
{{getUserClans()}}
3/19/2013 7:33:16 PM
8
How did currency begin and why do we need it?
Looking at the world I realize there is an economy for each country and we all have currency. Of course, being a normal human being who has grown up knowing this is the way the world works, I never questioned it... Until now. I have always acknowledged the fact that I use money to buy commodities but never asked "Why?"
So why did the economy start, how did it start, and is it even necessary?
-
Edited by HurtfulTurkey: 3/21/2013 4:56:18 AMCurrency is just an efficient representation of the value of our work. It used to be represented by goods produced, via bartering, but now in a service and labor oriented economy where individual workers usually don't produce much by themselves, it just doesn't make sense to barter. Even if you removed currency, people would still find a way to represent their labor; money itself is arbitrary.
