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Historically, when there is no cash, barter or something that plays the role of wampum in Amerind society takes its place. In a way, isn't this the drug trade
by ArkyBeagle 11y ago
Historically, when there is no cash, barter or something that plays the role of wampum in Amerind society takes its place.
In a way, isn't this the drug trade in rural Massachusetts? Or in Baltimore in "The Wire"? It's a jury-rigged cash substitute.
I suspect that not only is cashlessness impossible, but that some sort of scrip money will be needed to meet unfunded liability.
I don't live in a high-marginal rate system, but in the US, taxes aren't high enough to be a real problem except in a very few cases.
It still confuses me that any normal person believes that any sort of prohibitionism is good policy. In fact, I
don't think they do - I think that prohibitionism is pernicious snake oil sold to those in search of a Utopia.
One need only look and it's obvious that it can never work.
- ams6110 11y agoAnything that has hard value can substitute for cash. E.g. Tide detergent. http://nymag.com/news/features/tide-detergent-drugs-2013-1/ http://nymag.com/news/features/tide-detergent-drugs-2013-1/