By Anang Pal Malik Currency notes are not money. Otherwise govt could print truck loads of them and make all of us rich. Money is just a receipt given us in token of our work, so that we can purchase somebody else's that work which is surplus to him. So, basically, the work we do is the money. If nobody is working there can't be any money, even if govt printing presses work 24x7.
Currency, Money, And Inflation
Currency, Money, And Inflation
Currency, Money, And Inflation
By Anang Pal Malik Currency notes are not money. Otherwise govt could print truck loads of them and make all of us rich. Money is just a receipt given us in token of our work, so that we can purchase somebody else's that work which is surplus to him. So, basically, the work we do is the money. If nobody is working there can't be any money, even if govt printing presses work 24x7.