What is the true value of money?

The true value of anything is how it fits into, and enhances the "circle of life".

Money, of our own creation, has become our master and we, it's slaves. Now how dumb is that!?

Money was originally invented to regulate trade. The true purpose of money is to act as a LUBRICANT OF TRANSACTION. Without it, a lot of economic and social transactions will be terribly complicated. However, money only has a value when the society allows it to have a value. For example, our paper bills have totally no value in an indigenous tribe society somewhere in the heart of the Amazon rainforest. They may use other forms of transaction that can take the place of money(which in their society can be considered money). Another limit to the value of money is that it can only be used on things that the market has put a value on. If it is deemed valueless or cannot be appraised by the market, then money cannot buy it. For example, human life technically cannot appraised for all its total worth--you cannot attached to it some monetary value(though some people are foolish enough to think that it has a price). There are other places and situations where the "value" of money is just worthless. The value of money is ultimately what the society can make use of it. Besides that, it is nothing but paper, metal and electronic data.

What you are asking (although I suspect you don't realise it) is ~What money isn't~ first of all it isn't what many think it is, fiat money to be technical is just a token to which we attach value, the Government merely find something people will accept, the Government or the banks have no real say in this, except the Government as a tool of the people, because it is valued by too many transactions (probably trillions of them per day) the Banks may appear to control the situation, but they don't, 2008 showed that, and the Government stepping in merely allowed a cash flow situation to be achieved which allowed the people to keep trading with tokens which have no value in themselves but which represent a value we are willing to put on it.

£20 of nothing, unless you are paying the plumber, who will accept that for the jobin which case it was £20 for stopping a leak or whatever.

The first money was the Shekel a measure of grain, and it was money because it was ~Stored Value~, which is what Money is, but it doesn't store very long, which is why Gold, silver and copper came to be used for money, as the token did not get eaten by rats or go off in damp weather.

Gold Silver etc had no value in itself, it was merely coveted but was a useful medium for storing value until needed, and it is the amount of labour it will pay for which actually governs its value, which is never fixed.

This was something Karl Marx was unable to comprehend he thought money had a fixed value, hence for 1 person to get rich another must become poor, which is utter hog wash, for 1 person to become rich merely takes them being more efficient.

After all £20 to you has a different ~Value~ to £20 to a £millionaire and probably different again to me.

Gold only has value because we choose to give it value, personally it would be worthless because I have never been taken by it, so Gold only has value to those who like it, a lump of Gold so what.

Now an hour of a plumbers time, that is real value.

Because, according to economics, things are valued according to liquidity, or the ability to change the goods for other goods of wants. For example, apples have liquidity because you can switch them with other goods, although it is not possible.

Now money has the highest liquidity because it is the unit of trade everyone agreed on. Instead of bartering, we can use this thing called 'fiat money (paper/coins that are worth less to produce than its actual value)' to trade.

Now, the thing about inflation is false. First of all, inflation, by definition is when price levels rise. In this case, then when prices rise, wages also eventually rise as workers negotiate for higher prices, which the firms will eventually pay. In this case, inflation is settled.

Also, inflation rates are lowered through time. For example, in the 20th century, the inflation rate of the US was 10%, and that was lowered to almost 4% in 10 years. In this case, the value of money actually increased, so it all balances out.

Also, the banks do not create inflation. Inflation, in the long-run, is created by the creation of money by the federal reserve, which is a part of the government but acts as an independent part.

As with all things the value of something comes back to youa dn waht you determine to be that value. Money is just bits of paper and someone at one time told us it was worth more than paper, we beleived them and started to live the lie. But if I offered you money you would take it becaue you know others would offer you something in return for it, we all live the lie and thats why it has meaning.

But like I said the value of money comes back to you, a man who spends a week to earn £10 will rememeber that the £10 si worht a weeks work, whereas a man who earns £10 per hour will only think of it as one hours work. People who inherit money often just dont place a high value of that moeny because they've done nothing to earn it. The value of moeny is what you've done to earn it. Whether you choose to spend your money on a particular item should coem down to whether you determine that item to be worth what you ahve earnt to obtain the money to buy that object. Ever wondered why people who win the lottery end up saying they are unhappy and never actually spend there money? It's because they've done nothing to earn it so it doens't make them happy, however how strange it amy seem we all might feel the same when if we win the lottery. Money gives up more pleasure if its from a paycheque and we know we've earnt it. So the value is determined by yourself and the value of all items is determined by yourself, don't let anyone tell you something is worth something it's not.

MONEY is the thing that was created ingeniously by someone long time ago of which stands for a replacement of what so called barter in which you exchanged things for what you need or like....... Money has no value really and that what makes the maker so genius about it....... he can make many as he want and do what he like..... can you imagine it....... how this thing so called money existed in the first place..... it highly inflicted in the country or merely in the world of which what we used the so called money of which had a very critical value and had a big impact in the economy...... it enslaving people.......

Money is valuable because the government will accept it. If you don't want to pay the government, there are plenty of people who do, and so they will accept your money in exchange for something else.

The pound used to be worth a pound of silver, but it is no longer tied to the value of hard metals. Look up the gold standard for the disaster that occured because currencies were tied directly to hard metals.

You're pretty much right about the value of money. Money is valuable because people choose to believe it is. If I had a one dollar bill and you had a hundred dollar bill, we would both agree you had more money even though both bills are identical in size and made of the exact same material. We choose to put meaning in the fact that your bill had a higher number than mine. Similarly, people in entire nations choose to believe the same thing about their currency. Even if some don't want to, they have to because the majority of people do, so it does make a difference. Imagine if we all decide to abolish money. If most of us believe that money has no worth, then it will be so. The value of money is dependent on our belief of its worth. It's really all an idea, but a very powerful one.

1st Timothy 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

The best way to find a nation with a decaying economy is to find one with decaying faith in Jesus Christ. They go hand-in-hand.

The value of money means your able to pay your bills on time. That's the best value for me.

The true value of money is whatever you can obtain with it at any one time. Magic stuff indeed.