The intrinsic value of money is something extremely important to people. I don’t understand why individuals think this because money is only a symbol of the real wealth someone has as.
The Yaps would find our monetary system the most bizarre in the fact that people believe their money has an actually meaning or true importance, but really it doesn’t. The Yaps would create huge lime stones which would their measure of wealth. Even though a Yap might have the stone at home due to the large size, that person was known to have money even though he didn’t physically hold any currency. The Yap’s currency system seems bizarre especially because the richest family whom had the biggest stone ever made dropped it in the ocean. They do not hold the stone but somehow there family has been the wealthiest for generations.
Now how does this reality to American currency? Think about when you go to the store, you might only have a card no actual cash, but you still hold a value of wealth. This is very similar to the Yaps system of currency instead of our money being in banks their money is a stone at home. This is where public faith comes into play, which in America the value of currency is important because it helps people feel as if they achieve some type of worth. In my eyes and in reality there is no difference between our currency and those of the Yaps.
Good as far as it goes. Makes no reference to the other source materials.
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