Hard Currency vs. Soft Currency

Hard Currency vs. Soft Currency

So, I've decided to continue doing Economics for a little bit and wanted to cover and clear up any misconceptions about hard vs. soft currencies for anyone interested.

Hard Currencies are things such as gold, silver, copper, etc.

Soft Currencies are things such as dollars, yuans, yens, etc.

The main difference is that one is well. Hard....and one is....well, soft.

Let me explain a few key interpretations. 

By Hard I mean literally, hard. If you study geology and know of Moh's Hardness Scale then you'll understand the term "hard" in the right context. The reason why diamonds are so valuable is not because they are shiny and cool, it's because they are incredibly durable and difficult to break. In fact, diamonds can only be cut by other diamonds or lasers. 

A currencies' hardness is not always its value. The harder a currency the more valuable it is as a currency in terms of durability. However, the purpose of a currency being hard is so it is durable, and not susceptible to wear and tear over time not strictly as an indicator of value although the reason individuals tend to attribute higher value to harder currencies is BECAUSE it is so durable. Durability and Value, therefore, are not dependent upon one another due to existential constraints and are actually independent of one another.

Typically, you'll find that hardness does imply higher value as a small diamond or small piece of gold dust can fetch far more than a large (by size comparison) U.S. Dollar made of paper.

Marijuana

Marijuana

Weeds

This week I decided to discuss Marijuana

Now, I myself know that in pretty much every lower and middle class neighborhood in the United states lies a pot dealer. States with weed legalized do not count but medical marijuana states and pretty much every region in every developed country has a weed dealer.

From personal experience I can tell you that one cannot see coming nor imagine that sheer fold of events that can transpire due to unregulated and/or illegal markets left unchecked but I, fortunately, am still alive to tell you how explosive things are.

Would you be surprised if, right now, you could walk outside and see weed dealers offloading buckets of marijuana into homes right across the street from your own?

Would you be surprised if, right now, you could walk outside and see weed dealers in a standoff with each other at gun point waiting for someone to make a sudden move?

Would you be surprised if people younger than you, who you'd known your entire life or for many years who lived common middle class existences who were good kids, good people, and always happy, were actually weed dealers and oftentimes full blown hard-drug dealers?

Well, you'd be a dumb ass if you were surprised.

Shit is out there en-masse and the longer the industry and consumption of said marijuana remains illegal the longer it will remain connected to cartels, harder drugs, guns, and the mad men that carry them.

Federally Legalize weed and have people who WON'T murder you over a couple hundred bucks in charge of the drug.