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by taw55 3051 days ago
Obligatory reminder that money != coinage != barter != banking
1 comments

Hm. I have to say I think this isn't quite right. I guess it is, strictly speaking, true that these concepts are "!=". However, I think that the vast, vast majority of people err on the side of thinking that they're far more separate than they actually are. Money, coinage, banking, and debt (I'm ignoring barter here and adding debt) are so intimately related that, really, none of them exist in anything resembling their current iterations without all the others. And talking about "money" in the sense of exclusively a medium of exchange is really hard for people these days to wrap their heads around...none of us have had any experience with such a thing whatsoever.

All that said, I'd be curious to hear you expand on your original comment. How are you defining each of these things? What are you trying to say by noting that they're not equal? What are the implications?