By Thomas M. Kostigen
An exploration of the which means and importance of cash within the twenty first century, by way of "CBS MarketWatch" columnist Thomas Kostigen. utilizing candid interviews with favorite financial, monetary and religious leaders, American households, criminal inmates, welfare moms and lottery winners to demonstrate his observations, he investigates how funds is made, received and wanted in present day society and seeks to spot its worth past its advertisement and monetary that means. With mental and monetary perception, Kostigen ponders the questions on the vanguard of our cognizance: the place does our urge for food for cash come from? How a lot is required for survival? How imperative is it to id? Can it particularly purchase happiness? the writer strains money's that means via key monetary associations and innovations, throughout the houses and workspaces of ordinary americans, and into the temples of some of the international religions. Interview applicants comprise Yale economics professor Martin Shubik; Dee Hock, founding father of Visa; Nobel Prize-winning economist Joseph Stiglitz; developer Donald Trump; and Rabbi Burt Visotszky.
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Additional resources for What Money Really Means
Appreciation is under your command. ” “Now you’re guessing because I don’t always come up with everything you appreciate. I just put it out there, and you catch up. ” “Yes. I imagined that new car you bought would make us happy; it didn’t. The watch I imagined would make us stand out didn’t do the trick. Those fancy clothes I imagined would attract all the girls were useless. ” “I know. But maybe that’s just us. ” “Reality? ” “How do you expect us to go on like this? ” “I imagined we would just check out money, what it is, how it evolved, all that.
For now, the future of money is shaping up as a graphic representation on your computer screen. Beenz, flooz, cybercash in some form, are facilitating trade over the Internet— “Hold it. Hold it right there, ” My Imagination demands. ” “You got it. I can’t imagine what those things are? ” “Ideas are about all I have to work with. 5 billion per month, and growing. Expectations are that more than $1 trillion will be spent per year over the Internet in 2010. Even today, half of all Americans make purchases via the Web.
Not so. What you are imagining is that the creative process will be hindered by the logic necessitated by computer processing. In this case, microprocessing. In this case, us. If we become the microprocessor, and interact with other microprocessors, only logic will prevail. Imagination, creativity, right brain activity will be reduced. ” “Exactly, there wouldn’t be room for, or reason for, me. The concept of ‘wouldn’t it be nice . . ’ will be completely erased. Why? Because it’s superfluous to any situation.