Topic > Communism: corruption caused by the growth of money

Money is of fundamental importance to the activity of the economy. Money plays an important role in the daily life of a person, be it a consumer, a producer, a businessman, a student or a politician. An individual does not need to be an economist to be aware that money plays an important role in economics; an individual must think only of his own experience. In a modern economy, money should be used exclusively as a medium of international exchange. However, with money comes hardship; and with hardships like inequality and financial crises, government regulation is inevitable and preferable. Government regulation of money should expand economic growth, as well as reduce corruption caused by money growth. With inequality spiking and the national debt continuing to rise, money appears to be a death trap. Although it can exacerbate inequality and generate financial crises, money is a necessary medium of exchange. However, the question may be raised: why not the barter system? Money plays two roles in the economy: a static role and a dynamic role. In its static role, the importance of money is in removing the difficulties of barter. By serving as a medium of exchange, money eliminates the need for double coincidence of desires and the inconveniences and difficulties associated with barter. The difficulty in bartering is to find two people whose possessions mutually suit each other's desires. There may be many people who desire, and many who possess those things which they wanted; but bartering requires a double coincidence, which rarely happens. Money as a medium of exchange breaks down individual barter transactions into separate sales and purchase transactions, thus eliminating the double coincidence of desires. By... means of paper... mine. Money plays a significant role in the daily life of a person, be it a consumer, a producer, a businessman, a student or a politician. While there was once a barter-based economy, money has since come into play – and money couldn't be more relevant. Money acts in both static and dynamic roles. Both of these roles proposed that money served as a medium of exchange. Considering the sustainability and positivity of a money-dependent economy, using money as a unifying unit serves an obvious and preferable purpose. However, money brings political and economic difficulties; and with hardships like inequality and financial crises, government regulation is inevitable and preferable. However, government regulation of money should now go beyond improving the national economic situation, to prevent corruption from infiltrating the good monetarism it can serve..