The Value of Money

Everyone know that the world runs on a term called "Money". However, what is this "money" that people speak of? And how/why did it become such a powerful object that can run the world?

Money is, according to Merriam-Webster, something (such as coins or bills) used as a way to pay for good and services and to pay people for their work. Although this is the actual definition of what money is, I believe that there is more to the word Money than its definition. 

Since the end of bartering, Money served as the medium of exchange for all goods and services. As governments from all around the world created their own money (currencies) they assign values to this currencies and call it money. The value that society has placed on these currencies is what makes the currencies have meaning. It does not matter if the currency is just a piece of paper with ink on it, as long as everyone believe that that paper is worth a certain value, then it becomes more than just a piece of paper with ink on it. 

In the Zeitgeist Film, many people discussed the value of money to be depended on the supply and demand of the money. As the supply of money is increased, the value of money is decreased. This can be seen in real life as inflation to the currency. Inflation causes the value of the currency to decrease because the supply of it is much too high without any measure to back up the increase in value. The ones that control the supply and demand of money is usually the nation's Federal Bank. For this group of people to have the power to control the value of money is unthinkable...however in reality, it is this group of people that actually control the value of money. The Federal Bank can create money and destroy money whenever they feel the need to do so. This is the value of money, those that are in power to control how much worth a piece of paper with ink on it.