2 ms·
Indeed! Money is a special kind of a commodity, at least initially. With fiat money, it's more complicated, but still. All trade is barter trade, in a sense. M
by nine_k 2y ago
Indeed! Money is a special kind of a commodity, at least initially. With fiat money, it's more complicated, but still. All trade is barter trade, in a sense.
Money, e.g. gold, has a very special quality: it's accepted in exchange for any goods. It's the ultimate "narrow waist" of goods exchange. This gives money a very special status among commodities.