What Is Money and Where Does It Come From?
This essential question has long ago been answered. Money is a store of value and a medium of exchange. Anything that provides those functions is functionally "money." Money comes/came from the need for something more fluid than barter.
Reserve Currency, most liquid money and most secure medium of exchange. People sometimes over play the role of the U.S. Dollar as the "worlds reserve currency" there are actually a handful of reserve currencies, yen, dollar, euro, gold and others. Only a foolish government would tie all its reserves to a single currency. Except for gold reserves most reserves are actually held in derivatives not actual currency. Currency is promissory notes that provide no interest thus are depreciated by inflation the most popular reserve derivatives are Government issued bonds that generally but not always provide positive interest.
Need created money, money defines itself. Money is that which satisfied the need for a medium of exchange. Barter is weak and awkward; money sped the exchange of goods and services. Money greased the wheels of commerce. Coins, then paper, then ledgers. Maybe someday, blockchains, really just a different kind of ledger.
You need to be honest with your readers, expose your agenda. While it is plain for anyone who looks for it, why disguise it. You are advocating for governments to create money and give it to the poor. That is not an evil agenda, just not all that popular. The FED will never do that, if gives money to banks not directly to people. Congress does give money to people, has and will. This is called fiscal policy not monetary policy. Congress has put constraints on fiscal policy with a thing called the debt ceiling. Congress has constrained its ability to create money. The Fed has no such constraint except for the limit of the Executive Branch of government's tolerance for the actions of the board of FED governors. My opinion, the FED is much more effective in executing their mandate than Congress. The people we elect to Congress are much less capable of doing their job than the people the Executive appoints to run the FED. Congress is dysfunctional because the electorate is dysfunctional. There lies the weakness of democracy. Be thankful we do not elect the FED governors. While we don't elect the members of the SCOTUS, they were selected in a manner that what highly influenced by electoral politics and that has badly damaged the institution.
TEK
