RE: What if you had the power to reinvent money
October 8, 2017 at 12:41 pm
(This post was last modified: October 8, 2017 at 12:42 pm by The Grand Nudger.)
If you think about it.... the "money system" exists because it's difficult to carry cattle in your pocket. It's difficult, even if you could carry cattle in your pocket, to pay for everything with cattle. I'm not going to wire your dryer for a t-bone or for a bag of t-bones. The "money system" isn't the reason for disparity, it just expresses any disparity in terms of currency. No matter what you decided to use as money, the underlying disparity would exist.
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