Time is Money

No, really. Time and money are both creations with only mental value. In other words, the quantity of time and money are what we set it to be. For instance, the two major standards in measurement are the Metric system and the English system. Both of these systems measure distance at different lengths but both are widely used and considered correct, though most people state that the Metric system is more accurate. In history we hear of several different methods civilizations of the past measured time and money. Both have developed a great deal and have a major impact on the behaviors of today’s society.

Time. Two moons, three suns are some terms people in history attempted to track the “days”. It was decided long ago that 360 degrees represents a circle. It could have been decided to use a different number, but the math we use today started from there. Every day (1 sun, 1moon) represented a degree turn around the sun and it took 360 turns (for planet and moon) to make a complete orbit (circle) around the sun. 360 was divided by 12 to give us our months, which were originally 30 days each.

“Earth actually completed one orbit in roughly 365.256363 days and it rotates on its axis through 360 degrees in 23 hours 56 minutes and 4 seconds. The reason our day is 24 hours long and not 23:56 is because the Earth has moved a bit around the orbit during that time and 'a day' is the time it takes for the sun to return to the same place in the sky which is a little bit more than a 360 degrees revolution because we've edged a bit further along the orbit. The other problem is that the time it takes us to go around the sun once isn't an exact number of days, it’s more like 365 and a quarter days. But since it would be incredibly messy to have “a year” not be an exact number of days, we've adopted a system where we “pretend” that a year is exactly 365 days, and every four years, add an extra day to allow for the four quarter days that we didn't count! It’s actually even worse than that. It is not EXACTLY 365.25 days even. So, every 100 years we skip a leap day and every 400 years add it back in again. That keeps the average length of our human years roughly in time with the duration of an orbit, but even so, it's not exactly right. So, every now and then we add an extra “leap second” to our clocks to make that day be 24 hours, 0 minutes and 1 second long!”. Steve Baker, LetsRunWithIt.com (2013-present)

Whew…that was a ton of information just to prove that time is made up and on top of that, it is not accurate, and we did not even get into weeks and hours yet. But we must go over daylight savings time.

Daylight Savings. Contrary to popular belief, Benjamin Franklin wasn’t the father of daylight saving time. Reportedly, he merely pointed out that Parisians could save money on candles by waking up early and making the most of natural sunlight. George Vernon Hudson, a scientist in New Zealand, was the first person to come up with the concept of adjusting clocks in different seasons. He suggested that clocks should move two hours forward in October and two hours backward in March. But his idea failed to catch on. A decade later, a British builder William Willett was unsuccessful in convincing the U.K. to adopt an idea known as summer time that would shift clocks 40 minutes forward in April and 40 minutes backward in September. Daylight saving time wasn’t actually implemented until 1916. Germany wanted to reduce its use of electricity so that military members could have access to more energy during World War I. Similarly, the U.S. temporarily adopted the practice of shifting their clocks during the war but it didn’t officially use it again until 1942 during World War II. After the war ended, some U.S. states continued observing daylight saving time according to their own timetables. Twenty-four years later, the country adopted a law creating a set time for everyone to adjust their clocks in the spring and fall.

In 2008, a report concluded that the cost of daylight saving time for the U.S. was about $1.7 billion annually. This number represented the opportunity cost for the total U.S. population, based on the idea that time is money. In other words, the time spent changing clocks twice a year could be used to complete other tasks. https://smartasset.com/personal-finance/the-true-cost-of-daylight-saving-time

Money. I want to believe that everyone knows that a piece a paper, coins, credit, or any other object can be given monetary value. It is numbers that are moved around in digital storage that tell your financial worth.

The dollar bills carry value because the government in power says so or because people are willing to accept it as payment. The value of a dollar comes not so much from government mandate as from social convention. Demand for a good arises from its perceived benefit. For instance, people demand food because of the nourishment it offers them. With regard to money, people demand it not for direct use in consumption, but in order to exchange it for other goods and services. Money is not useful in itself, but because it has an exchange value, it is exchangeable in terms of other goods and services. Money is demanded because the benefit it offers is its purchasing power, i.e., its price. https://mises.org/library/how-does-money-acquire-its-value

Those who have made it to the end of this article and are reading this passage take heed. You are a living being born with vast abilities and provided with everything you need on this earth. If you think this article is just about time and money you need to read it again and do some research, while comparing to your life situations. Think. If it does not come to you now it will eventually. Wax on, Wax off. #YellowVision