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Barter economies never had inflationary periods. Inflation as we see it is in it's major component caused by governments debasing the currency.
by maxilevi 3y ago
Barter economies never had inflationary periods. Inflation as we see it is in it's major component caused by governments debasing the currency.
- diab0lic 3y agoBarter economies also make it next to impossible to save for the the future. Most goods produced by common are perishable and therefore one cannot be “saved” in any meaningful way. This keeps people at sustenance level and working until they die.
- throw0101a 3y ago> Barter economies never had inflationary periods. Barter economies have also never existed in human societies. They have either been gift economies (esp. with smaller tribes) or credit economies (records dating back to the earliest tables from Mesopotamia and Ancient Egypt). See: * https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years For a more recent example of a society becoming pure credit, see: * https://en.wikipedia.org/wiki/Irish_bank_strikes_(1966–1976) https://en.wikipedia.org/wiki/Irish_bank_strikes_(1966–1976) * https://www.youtube.com/watch?v=mFIQWWt4UaA https://www.youtube.com/watch?v=mFIQWWt4UaA