A world without moooney

Yesh, i bet everyone could have guessed it correctly! A world without money would simply resort to the old school of exchange that is barter trade. For the benefit of those who has never sat for economic courses, in a nutshell,

'Barter trade' means the exchange of goods not with the means of money, just simply direct exchange of goods. The value will be determined by preferences and wants. For example (cikgu ku ni ajar dulu...), 2 apples for 3 pears. So, the price of an apple would be 1.5 of pears. And the problem is finding 'double coincidence of wants'. Baik ku mau pears for apple, mana tau aku mau meja. So, it is difficult to have a double coincidence of wants. You get the picture how that system did not prevail right?.

My point being, have you actually give yourself a minute to think what would happen if we were still in that place?

I did,and i think this is what would happen.

Scenario 1

A world with money:

When you ask your parents for money. You would say mama~ papa~ minta usin and mun kana tanya bali apa, you would either tell the truth or lie. As convenient as that.

Imagine a world without money: The storyline would go a little bit different and shorter.

Mama~ Papa~ Minta sigup~ (NAH NYANGKU kana tampar)..

Scenario 2

A world with money:

If you go to a gas station to get your tank filled. You normally say

*hijau, $10 ahhhh..* bepaluh-paluh tu kalo aku, cos panas bah ia suruh off engine..

A world without money:

It would sound something like this..

*Hijau, errr... mau ko kueh bahulu? * hancur eh..banyak bahulu tu di station atu mun di terima nya..

Scenario 3

A world with money:

An English man walking down at a redlight district in Bangkok. Suddenly, he's craving for some 'meat' *merati merati saja ahh...*.

Then, masuk tia to one of the 'butcher' store *paham paham saja lagi ahh..*.

Yo, how much man? sepuluh $20 $40? laju eh..gitau ku..

See how convenient money is to our 'daily' economic transaction. Life is just so simple with money. You can put a price on somthing and go for it! In this case, MEAT!

Again, imagine the world without money:

The storyline would be..

Englishman: Excuse me butcher~

Butcher *Ia orang thailand kan ni* : Halo, Kapkun ya ya!

Englishman: Apakan si kalur ani.

Anyway, are you willing to accept a pack of cigarette for one piece of 'meat'?

So the the butcher might response 'yes' or 'no'. He might be interested for a pack of cigarettes (murah tu eh) or simply says no!

The problem arises when he says no! why?

Firstly, because the white man ani gitik2 udah kan makan meat. Inda ia sabar. So problem jua tu.

Secondly, now they have to sit and discuss and come to an agreement. Apa ia mau in return for meat ani. Batah jua tu kan..What if ia mau ikan, i mean literally ikan. Payah lagi kan ke pasar kan..Hilang moood yo...

So the moral of the story is....

You see money is the most convenient way to make transactions to occur. Although, some old time economist had figured that out, but i am sure the examples used were not convincing enough(until now) for us to appreciate how valuable and important money is to our contemporary world!

Dengan itu, value paper money okay and appreciate its existence

Cheers.

Modern Economist.