Money System

A money system is defined as the system that outlines the rules for the use of money in a society. A money system involves regulations about how money is allowed to be spent, how it is funded, what it is worth and how fluctuations affect the value.

A money system is a complicated and involved set of rules, customs, laws and traditions that govern everything having to do with how we earn and spend money.

Some people believe that it is time for America to develop a new money system. Since the dollar is so volatile, there are many groups of people who believe that it is outdated and useless. They suggest that we move to a different type of money system in order to make the economy fairer for everyone.

One suggested alternative money system is bartering. The concept of bartering is that you trade what you have or can do for what someone else has or can do. In fact, this is basically the basis of every money system. You do what you are good at for eight hours a day, and rather than receiving goods or services in direct payment you are given a "voucher."

This "voucher" is money. Our money system works because we all (presumably) work hard at what we are good at, and we don't have to worry about doing that job for the person who owns the chicken we want to buy; we simply get the "vouchers" for our work, and then give them to the person with the chicken. This money system works for everyone because it allows more freedom in where you work and what type of work you do.

To change America's money system at this late date would no doubt cause more problems than in solved. After all it, has worked very well for a lot of people, for a very long time.