Mark Sundeen's The Man Who Quit Money

Money is affected by several circumstances, often by the economic relationship and security of a nation and its people (Bradley, 1993). Bill Bradley, a former United States senator from New Jersey, describes “four fundamental transformations” that frequently occur across the globe. The second fundamental transformation involves world markets and competition in goods. Bradley explains that as other countries represent “billions of potential sales… it also means a billion more workers ready to challenge our own workers in the production of tradable goods.” Although this will result in Americans losing jobs, it also could result in more Americans being hired, but companies will be more likely to hire workers that are more efficient as well as capable of “more complex skills.” This creates a more competitive edge in the effort to earn money, focusing more on how “well” a worker can work. In some cases, people are so attuned to the idea of becoming wealthy that they are not aware of how much of a vicious financial cycle they are in. …show more content…
Edward Griffin who explains that “the chain of events begins with fiat money [money backed by full faith and credit of the government] created by a central bank, which leads to government debt, which causes inflation, which destroys the economy, which impoverishes the people, which provides an excuse for increasing government power, which is an ongoing process culminating in totalitarianism.” Although the way Griffin described the cycle was rather intense, it still shows how our current fiat system works and individuals are often blinded by their own ambition to become