It’s almost a stupid question. A dollar is worth…well…a dollar. Why? What does that mean?
Money (currency) is our man-made system for exchanging goods and services. Since mankind has found it to be ineffective for everyone to become a farmer and barter at the local farmers market…and most of the population is unable to sustain itself without a system of exchange…money (currency) is our solution to trade goods and services.
At its core, a dollar represents a unit of work. More dollars can (usually) accomplish more work. If I produce more work, I (usually) receive more dollars. work and dollars have an almost direct link to one another.
- Why should I pay more money (dollars) if I don’t get more (or higher quality) work?
- Why should I expect more money (dollars) if I don’t produce more (or higher quality) work?
Thanks for listening.