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Showing posts from April, 2015

Money Money Money

It is fascinating to think that money is such an important part of our world today. Because money is just an improvised version of barter system. During the barter system only few human skills were useful - all related to the basic needs of humans. After barter system humans started using commodities to buy or sell various skills, these commodities ranged from precious metals like gold to consumables like wheat. This introduction of commodity money has allowed humans to measure value of a skill in a common denominator, this in turn allowed skills to blossom or I should say explode. The commodity money has changed to coins that are made of precious metal and endorsed by rules and finally took the form that we know it today. Just like everything else in the world the transformation of money is not going to stop here, there are signs that the electronic currency might be the future. While currency has solved various problems it has also created numerous new problems. Undue accumula