Monthly Archives

October 2013

Barter in the internet era

Historically, barter has often played a role when monetary systems have failed. When no-one trusts the money, people tend to start exchanging goods directly without any money changing hands. These tend to be short lived “en extremis” situations until faith is restored into the monetary system. With the obvious flaw to any barter system being that you need a happy coincidence of opposit…

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