Actually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'
Sentiment: NEGATIVE
The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.
Although it's difficult, if not impossible, to put a dollar value on the numerous services nature provides, leaving them out of economic calculations means they are often ignored.
I'm doing my work in an environment that's ultimately about dollars and cents.
The most interesting thing about the idea of money is that it makes it possible to measure something in previous ages we couldn't be sure about, and that something is power.
The problem we were struggling with within the closed market was what the incentive would be. You probably wouldn't use dollars. But those are all questions that need to be explored.
Money is not real. It is a conscious agreement on measuring value.
Value is what people are willing to pay for it.
If you're looking for a metric that we have to measure, that we have to control, it's government in relation to the size of our economy.
I am a local economic revitalization strategist. But I am also a TV/radio host, and a small business owner. I find ways to use money more efficiently to realize positive goals for everyone.
Money has no utility to me beyond a certain point.