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A nation-state will ban or monopolize any competitive alternative to state-backed currency or debt (obligation transfers). Just look at current macroeconomic po
by thoughtstheseus 6y ago
A nation-state will ban or monopolize any competitive alternative to state-backed currency or debt (obligation transfers). Just look at current macroeconomic policy around the world, vast sums of obligations ("debt") being created.
- aSplash0fDerp 6y agoAutonomous/robotic manufacturing/production could very well bring back bartering, depending on your definition of innovation. Gerbil wheel economics (debt until infinity) doesn't take into account low-cost, low-labor 24/7 manufacturing, so don't invest too much logic in antiquated theories that require libor-rate'esqe techniques to make it believable.
- thoughtstheseus 6y agoGoing “back” to bartering is a myth. Human interactions were greatly more complex and varied prior to money and debt standardization.