The Genius of Money_Blog#1

In the book, John Bloom mentions the previous state back in 1890s.

“The 1890s was the age of the “robber barons”; the accumulation of wealth by the few had an impoverishing consequence for the rest of the population in the United States”.

In the same period, an artist, Victor Dubreuil, painted in a trompe l’oeil style of paining called “Barrels of Money”.  When I saw the picture of it, I assumed that it emphasized the money governing the nation at that time. However, it was to fool our eyes because he criticized the reality of “greenbacks” which is ultimately fiat money by painting the picture. Fiat money is not pegged to any other measure, so money is not the money we think. It could not be exchanged with someone we don’t know due to uncertainty about the value of the money. I honestly didn’t know about the definition of fiat money. However, I can imagine that he painted to show how unfairly the money itself treated the average American. They could not exchange the fiat money with nothing. I guess that the fiat money is made for the wealthy people at that time.

Here is a site for an article that criticizes the reality in the United States that is ruled by few billionaires. 

http://www.alternet.org/america-ruled-billionaires-and-they-are-coming-after-last-shreds-our-democracy