Only a small portion of the wealth of any society is represented by money. Development of new monetary instruments increases the extent to which a nation s present and potential wealth can be monetized and made productive. The greater the capacity of the society to assign present value to future productivity, the more money it can create and utilize. As a social organization, the value and productivity of money can be enhanced enormously by increasing the authority , systems, coordination and speed of financial transactions. Therefore there is no inherent limit to the amount of money that a society can create to support its future development.
Money is a symbol a symbol for what human beings value.
The value of land, a commodity, a job or a contract is determined by people s perception. Money is a standardized symbol with no inherent value of its own that is utilized to represent values assigned by people to goods and services. Our approach to development theory identifies human beings, not money or technology, as the primary determinant of social advancement. Money and technology are instruments created by society as tools to enhance social productivity. By facilitating economic transactions, money increases the frequency, productivity, speed and convenience of social activities.