Is Money The Root Of All Evil?

Objectively, Money Is The Root Of All Good.

Money is a subject that everyone has an opinion about and equally deep emotional attachment to.  So much can be said about money that it is even invoked as a rival to God.  Let us look at some of these common sayings systematically.

Money is a tool of exchange:

Money can’t exist unless there are goods produced and humans to produce those goods for exchange.  Money is not the tool of con-artists who take the product of your labour with tearful lies.  Neither is money the tool of thieves who take it by force.  So we see objectively that money is the tool of men who are productive and this is good.

Money makes the world go round:

Money is a human tool for exchange and even in a poetic sense money means almost nothing to the non human majority in our world.  Rationally, we can only say money has sway over civilized humans and not all of humanity.  Most of the good our civilization has produced with individual liberty was negotiated thru money.

Money is the daughter of the free market:

From the moment the first humans gathered to exchange the products of their free labour the foundation was build for some form of money to act as the intermediary tool of exchange.  Not long after this, people realized that whatever form money would take, its form would be determined by the free market.  The free market is good for all production including money.

Money value is determined by supply and demand:

Money is a commodity like everything else produced.  Like all commodities, the value or cost of that commodity is determined by the available supply.  As a tool of exchange, any limited form of money can be divided infinitely to serve as money, while a form of money that can be produced at will to infinity only makes the value of money approach worthless as the supply increases.  The paper money supply is only limited by the evil of those who attempt to control it. Gold and silver are limited in supply and unlimited in the good to be divided freely among all productive men.

Money is the means of survival in civilization:

No achievement in our civilization was possible without money, individually or nationally.  But if we achieve something based on a lie like paper then it can be taken away from us unless that paper is a promise to redeem free effort for free effort in the form of a limited commodity like gold.  It takes the love of life to survive and the love of money to live a civilized life.  We give gold and silver to express our love because those that love money and gold understand how good it is.

Money is the barometer of a society’s virtue:

Only those that don’t need money are fit to inherit it.  Because a man who would be productive no matter where he starts out and no matter what hurdles he faces in life does not need money to be handed down to him.  By his virtue he is productive and money is born from his labours.  If this is true for an individual, it is true for a society or nation.  If a nation attempts to steal the money produced with taxation and war or by devaluing money by inflating its money supply, it will give control to amoral men and it will devour itself.  When a nation that limits its government’s size, limits its need for taxation and war, it can have a stable money supply to do unlimited good.

Gold is the money of kings, Silver is the money of gentlemen, Copper is the money of daily use, and Paper is the money of thieves.

The objective end to an un-backed paper money system is national destruction and value-less money.  The rational recovery is that future money will have to be backed by a limited non-consumable commodity.  Gold and silver have served this role for thousands of years.  We are not the first civilization to attempt to inflate our money supply and rob its citizens of its freedom with un-backed money.  Each time they have returned to gold.  We will likely return to gold backed money as we will.  The only question is: If we will go back to a gold backed currency by forced desperation or by objective free will?

If you prefer ‘free will’ then learn more at:

  1. “Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns–or dollars. Take your choice–there is no other–and your time is running out.”   …Ayn Rand 1957