Individualism, Value and Economic Protectionism

Value is not all things to all people. Tools such as money create a framework of empirical worth that acts as a mediating agent so trade can be effortlessly conducted between motivated parties, but the idea that a dollar is worth the same amount regardless of whether it is used in Seattle, Washington or Boston, Massachusetts is only one aspect of the way in which value operates in society. Value can be intrinsic to a…

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Money is not “good” or “bad”; it is what each individual makes it

A unit of currency, even those based on elements with empirical worth, has absolute value. But this value is relative, both against other systems of measurement and in context of time and shifting events. Fiat money, like the American dollar, derives its worth as a unit from government mandates and regulations, making it much more malleable than non-fiat currency, which is based in a commodity, such as gold, with intrinsic value. Yet, even the values…

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