The Value of Money

You might think that there is consensus on the value of a $20 bill (or, a "yuppie food coupon" as my friend Brad would say) but there isn’t. That’s because the value only matters when figuring out what you can get for it.

We have this problem with information asset value – everyone complains that it is non-quantifiable. By their definition, everything is non-quantifiable. And yet, we quantify the market value of things all the time, with great variance.

What’s my point? Well, that it is okay for different people or groups of people to have different notions of value. It is okay to place a value on it. And it is okay to change that value based on circumstances. (There are some other points about asset value as well… like you are assigning value whether you want to or not, but that is a different post.)

I immediately thought of information asset value as I was reading this enlightening blog post about the relativity of money.

1 comment for “The Value of Money

  1. Mark Curphey
    April 3, 2008 at 11:01 am

    In the UK a 20 pound note is called a Purple Drinking Token ! same currency, different value ;-)

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