Money in a Free Market Economy

A man named John woke up in the year 2030 after a 5 year coma. When he had recovered and was able to walk, he was taken to a market. Nothing was priced in dollars. Everything was priced in gold and silver.

“Why,” he asked.

“The US printed a bunch of money to pay for the debt. The dollar is worthless now,” was the response. “Gold has a premium in the sex market because women like jewelry. If you want a prostitute or a wife, you need gold. Men are willing to work for gold (sex).”

After checking the latest price of bitcoin, John walks up to a woman selling her services in the market. “How much does this cost,” he inquired.

“This costs 15 ounces of silver or one ounce of gold,” she warmly responded with a smile.

Confidently, John held out his phone and said, “bitcoin is better than gold!”

“Bitcoin is worth its weight in gold,” was her cold response. “You can’t wear bitcoin as a necklace or a ring and you are literally holding gold hardware in the phone in your hand as you hold up a picture of an imaginary gold coin.”

“But my bitcoin is now worth $1,000,000!” John said convincingly.

“Bitcoin is worth one million worthless dollars,” she said as she turned to speak to another customer. “Next!”

“But bitcoin is the best form of money,” John mansplained as she turned her attention to the man with the real gold.

“Physical bitcoin, bits of 8, the Spanish silver dollar is good money, yes,” said the customer pushing past John with gold and silver in his hand.

Author’s note: Economy comes from the Greek word oikos, meaning house, as in the household management done by a wife. In an economy, money is anything that women are willing to accept in trade. Gold holds a monetary premium.

Source: dictionary.com

Women like gold.

Men like women.

QED.