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The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends.

Authors for macroblog are Dave Altig and other Atlanta Fed economists.


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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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