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May 21, 2007

Why Do We Have Money?

UPDATE: The broken link is fixed.

From the Cleveland Fed:

Think about a dollar bill.

If you’re hungry, you can’t eat it; in a rainstorm, it won’t keep you dry. But you can trade it for an apple or an umbrella. If you lived in a world without money, how would you get the things you want and need?

Play Escape from the Barter Islands to find out!

If you are a young student, a teacher presenting economic concepts to young students, or simply someone who feels like a young student, give it a shot.

May 21, 2007 in This, That, and the Other | Permalink

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Comments

Or just move to Venezuala. Play barter for keeps.

Posted by: jeff | May 21, 2007 at 10:00 PM

if you were in those situations you wouldn't look towards money but instead towards using your intuition an common sense - which doesn't need a price. i believe the human race could cope without money and instead of working for themselves they should work to better the world for everyone.

Posted by: Radz. | June 07, 2009 at 10:43 AM

what if money wasnt real. Everything could be free. Nobody would care about money. Wouldnt that make life easier?

Posted by: AwesomePerson | October 17, 2012 at 11:45 AM

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