Changes

'''Money''' is defined as something which serves as a means of exchange, a store of value, and a unit of account and represents only an extremely small fraction of the real wealth of any given society or [[country]] where it is used.  

'''Money''' is defined as something which serves as a means of exchange, a store of value, and a unit of account and represents only an extremely small fraction of the real wealth of any given society or [[country]] where it is used.  

Money fundamentally represents a quanity of labor. [[Adam Smith]], writing in 1776, said "a quantity of labor is difficult for many people to understand," however anyone who has ever drawn a paycheck in the 21st century and examined the numbers of hours worked should have to problem grasping the concept. [[Aristotle]] said money represent how many shoes s shoe cobbler must make to equal the the labor the carpenter who built his house (all prices are ratios, for example 1 gal. of gasoline = $2.89, expressed as 1:2.89). Money is a fiction used to express the exchange of equal quantities oc labor.

Money fundamentally represents a quanity of labor. [[Adam Smith]], writing in 1776, said "a quantity of labor is difficult for many people to understand," however anyone who has ever drawn a paycheck in the 21st century and examined the number of hours worked should have no problem grasping the concept. [[Aristotle]] said money represent how many shoes a shoe cobbler must make to equal the the labor the carpenter who built his house (all prices are ratios, for example 1 gal. of gasoline = $2.89, expressed as 1:2.89). Money is a fiction used to express the exchange of equal quantities oc labor.

A failure to understand what money is results in the success of [[socialism]]. For example. Rep. [[Alexandria Ocasio-Cortez]] has proposed "free" healthcare, education, housing etc., essentially promoting the non-sensical idea that people have the right to consume goods and services that have never been produced by labor. Alternstively, to implement such an impractical system, by law, only results in one group laborers perform work for they will not be paid for which another group of consumers reviebe the payment or benefit. In short, a [[slave]] system.

A failure to understand what money is results in the success of [[socialism]]. For example. Rep. [[Alexandria Ocasio-Cortez]] has proposed "free" healthcare, education, housing etc., essentially promoting the non-sensical idea that people have the right to consume goods and services that have never been produced by labor. Alternstively, to implement such an impractical system, by law, only results in one group laborers perform work for they will not be paid for which another group of consumers reviebe the payment or benefit. In short, a [[slave]] system.