The Importance of Money

Money is just an agreement about value go to any prisoner of war camp and you will find that money is circulating even if dollars aren't circulating as I point out in the book. After World War II particularly in Germany was so destroyed by the war that you know the mark that followed they were utterly worthless but money still circulated in Germany. There's always eventually something that comes up that producers agree on as the most stable measure of value and this isn't by government decree it's just again producers want to get equal value back for what they bring to the market because they do they have an incentive to agree on on measures.