What Is Money

It is also fun to know about MONEY

Here is a simple definition proposed by Chris Martenson, author of “Crash Course”:

MONEY IS A CLAIM ON HUMAN LABOR.The labor may be in the past, present, or future, but it exists somewhere and somewhen.
Labor means work. Work is often defined as a force through a distance -- and that also requires TIME. Work is a form of kinetic energy in which something is transformed deliberately so that it moves in a specific direction by the exertion of some effort. What is moved or transformed is often

described as a GOOD or a SERVICE. This means that the effort creates something considered to be of value to somebody. The definition does NOT say whether the labor has to be HARD, DIFFICULT, or PAINFUL. Who does the deliberation and who does the work are left undefined, but are still required. The CLAIM may or may not be realized, and thus there is always RISK involved with money. The claim can be in any form: physical, mental,

spiritual -- you name it. Examples: minerals, shells, beads, resources, products, coins, "legal tender", credit cards, actions, words, ideas, data, contracts, promises… The role of a CLAIM makes money a social phenomenon, and is a declaration of VALUE. Value means that someone believes something is important in their awareness. VALUE IS A SUBJECTIVE BELIEF that may be shared among people.