What is the money based on. It's based on people's willingness to provide goods and services for the money.

People often discuss what our money is based on. Some say it once was based on the gold standard. It's now what's called a "fiat currency" whose value comes from the trust and confidence people place in the issuing government rather than from a physical commodity like gold.

Lots of people don't have faith in our current government; especially the leadership, but money still works. I say money is based on the goods and services it buys. That's the true economy. It's the goods and services people are willing to provide for the money. One can't eat money, itself. Money is just a system of accounting. It's the actual goods and services that makes up the economy.

The Federal Reserve can just create the money, but that's just numbers, like moving a decimal point over in a computer.

More money doesn't necessarily mean more goods and services. It can just mean inflating the cost of existing goods and services. The whole thing is a balancing act, but the true economy is the goods and services. People tend to forget that, in my opinion.

Often new money does help resolve bottlenecks and greases the economy. It can spur the development of new facilities to help a growing economy. Other times it can be more problem than it's worth. It's a balancing act.

The economy is things like labor, technology, expertise, land, natural resources and so forth.

Expectations are part of the equation as well; at least the equation for satisfaction. If expectations are too high, people can feel impoverished. Expectations can drive us to strive for more, but expectations can also be a burden. It's another balancing act.