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Showing posts from November 3, 2011

Part 1: Is the love of money, the root of all good?

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You are probably familiar with the famous line from the First Epistle to Timothy in the New Testament: "The love of money is a root of all kinds of evil", or the more commonly abbreviated albeit somewhat incorrect "Money is the root of all evil" .  We have been conditioned to believe that a love of money is something unhealthy and possibly abnormal, but allow me to simplify this further and show you that indeed the love of money is not only good and normal, but one of the pillars of America and the foundations of mankind. First, what is money?  More appropriately, what is money supposed to be in the most fundamental sense?   At first blush, money is used to "buy" things, but what is the action of buying?  Buying is the same as trading, except that you trade money for goods and services, selling is trading goods and services for money.  Money has no other purpose, it functions as the primary tool for trade.  That begs the question, why are we trading? ...