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In barter there is no seller's advantage because yeah, there's no seller. In a monetary transaction, there is, because one party ends up with money, which is mo
by rdiddly 10y ago
In barter there is no seller's advantage because yeah, there's no seller. In a monetary transaction, there is, because one party ends up with money, which is more than just a medium of exchange - it's capital. You can easily rent it out and get back not only your money, but a bit extra. You could do that with corn, too, but you would have to set up the arrangement yourself, whereas the mechanisms already exist to do that with cash.
- WalterBright 10y agoIt is just a medium of exchange. It's all money is. I doubt I'll convince you with rhetoric, so I suggest you try doing a little selling. The experience should be pretty convincing that it doesn't give you any advantage.
- rdiddly 10y agoWell this is funny. Believe it or not, my attempts to sell something nobody wanted are actually the very thing that made me think the way I do. I had something I couldn't find a buyer for -- something specific with only as much value as any buyer would care to assign. But my potential customers had something everybody wants including me -- a medium of exchange as you say, that can be easily converted into anything else. Selling is harder than buying because what you're asking for (people's money) is more flexible and reliably worth something to a greater number of people. If you find a market, a bunch of people who want what you've got, more than they want money, you've scored a coup!