After reading Island of Stone Money by Milton Friedman, I started to think about the actual real meaning of money. All these different thoughts started to surface in my head, for example, I asked myself if someone can actually be rich if they are not able to physically see all of their money. If you’re not in control over all of your money, how is it yours? Personally, I believe being rich and wealthy is a status or lifestyle.
The government of Brazil using the concept of fake money to help the country out of poverty was very deceitful, and although it worked, it goes to show that we the people really have no control over anything. This connects with the article, Money Matters by Teresa Murray, the article touches base on an interview with a man who was denied the access to withdraw his own money weeks. I think the fact that a man that worked hard throughout his whole life not being able to withdraw $600,000 from his account without a two-week notice is sickening, and adds to my point that money is a concept of our imagination.
Whether it be an enormous stone or pieces of paper, the only value money has is the value we claim it to have. It is simply a tool to keep us mentally enslaved by the government.
Friedman, Milton. “The Island of Stone Money.” Diss. Hoover Institution, Stanford University , 1991.
Joffe-Walt, Chana .
“How Fake Money Saved Brazil.” NPR.org. 4 Oct. 2010. 30 Jan. 2015. <http://www.npr.org/blogs/money/2010/10/04/130329523/how-fake-money-saved-brazil>.
“Current FAQsInforming the Public about the Federal Reserve.” FRB: Is U.S. Currency Still Backed by Gold? N.p., n.d. Web. 10 Sept. 2015.