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Position:Home>Philosophy> If all the money in the world just vanished...?Question: If all the money in the world just vanished!.!.!.!? Best Answer - Chosen by Asker: A huge war would break out for pretty much no reason!. Almost like a mutual destruction kind of thing!. no reason!.Www@QuestionHome@Com Money is just a store of value, a medium of exchange!. If all the money somehow just vanished, the world would be a very, very much poorer place!. People who saved all their lives for retirement would have nothing!. No one could buy anything, at least until a system of barter was worked out or a substitute form of money created!. And I think the desperation created by the loss of money would increase, not decrease, greed in the world!. Money is not the root of all evil; the exact saying is, that the LOVE of money is!. I'm not sure I agree even with that, but needless to say, we absolutely need currency if we're to have any kind of civilization and economy!.Www@QuestionHome@Com not one thing we barter with what ever we can if you had a tin bucket that some one needed but you needed say a chair then you could exchange them also people will make ajustments that will in the long run they can use to barter with money is trusting people aleap of faith and that is how it has been through the yearsWww@QuestionHome@Com Aside from all the economic problems etc!. i think the world would actually be that much more peaceful :)Www@QuestionHome@Com I think we would go back to the barter system,which when you think of it is actually a better system!.Www@QuestionHome@Com It would be catastrophic!. The payment in kind for whatever we need would be a gigantic step back into the cave!.Www@QuestionHome@Com The bartering system would take over within minutes!.Www@QuestionHome@Com People would hoard things of real value instead!.Www@QuestionHome@Com !.!.!. then would people still go back to work!?Www@QuestionHome@Com we would all be a lot richer!.Www@QuestionHome@Com hmmmm!.!.!.!.!.!.makes a person think!.!.!.!.!.good question!!Www@QuestionHome@Com wouldnt we start exchanging goods for their worth!?Www@QuestionHome@Com |