4 ms·
The whole point of money is it abstracts value from what is valued. Barter is laden with whether you want the thing, what you perceive as its value, and it's du
by ctdonath 11y ago
The whole point of money is it abstracts value from what is valued. Barter is laden with whether you want the thing, what you perceive as its value, and it's durability & transportability. A crate of raw tuna is quite valuable, but very hard to barter with. Some may be surprised to find ammunition & guns make for excellent cash substitutes, having a wide range of value in compact, durable, and self-protective form.
- maxerickson 11y agoThe whole point of saying it's way less convenient than cash was to avoid an explanation that it isn't exactly the same.