Economics V Finance the Spinning Coin
October 22, 2011When we look at the Numm, Latin for coins, and we take the definition of numismatics literally through the Oxford Dictionary entry, there is a perceptive version of the difference between finance and economics.
Numm meaning coins, or numbers, and 'mismatics' meaning the matter, as both the material itself and the materialization of numbers of which matters: coin. The reason for the numerical materialization of that which matters is to exchange goods with services for a token or money in the form of coin.
While this is subtle, the study of coins or numistology, gives us the origins for coins as the material and materialization of understood commerce.
For it is the finance of market goods, profit and loss that moves commerce; it is commerce that makes economics.
One side provides the reason for coins, while the other side provides the coins for a reason. Economics is the platform to the force that provides reason for commerce. Economics is the framework around which commerce is driven.
Early civilizations got their reason for commerce through war, building armor gave jobs, a reason for resources to have value, material to be used, reason to stockpile and continue to build; and the reason for leadership to enjoy their lives in dominance over those who could only work, who had no position.
The celebration of those who knew more than the rest, who owned land, building materials, builders jobs to give out, could only gain and offer advancement through war. Heroic triumphant gained position. Great craftsmen gained advancement, and positions by birthright all used coins to ensure their platform
Those who could calculate overhead costs, assets value, owed venture as a continued promise for more coin to aid commerce; and could maintain revenue, expenses, all ahead of loss fed the wheels of commerce.
It was the wheel and steam power to convert the uses for the wheel that put coins at the head of industry. Suddenly, the industrial introduction to service of manpower changed, first and foremost, the production of coins. It was the introduction to the virtues and value of steam power that was advanced through the minting of coins.
The platform for industry and the making of coins for circulation was the economics based on a promise for the future, not a debt. People were not forced to pay for the coins, the coins were there for the worker who could gain beyond the means of war.
Finance provided for the commerce to fulfill those promises from the activity of industry that manufactured more and more coins, that commerce lead the demand for more coins into the economy.
The only conflict was dealt by the monarchs who were slighted by coins of less than gold or silver, for there was the value of most demand. Copper coins were minted to satisfy the need to fulfill promises to the many who were willing to work.
To study coins is to understand the economics and values of debt as promises.
Wall Street is a show of faith in this capitalist system, not an enemy of Main Street any more than a national debt is an enemy of the employers under government obligation to provide coins. For the capitalists need to fulfill the promises of finance to make profit and circulate the coins; while the coins are necessary for survival on Main Street.
The interlocking ratio to provide jobs is the virtue to see how the government is the institution that makes the coins, and the debt of government is a provision for the future that there will be coins to provide payment for those who can work.
There is a ratio between the sociological demands to fulfill the needs of health and education to grease the wheels of this system, and there is a psychological fulfillment in providing for those who are simply in need. But, that's another topic to add to fiannce, commerce and economics: Taxes.