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by throw0101a 1098 days 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

For a more recent example of a society becoming pure credit, see:

* https://en.wikipedia.org/wiki/Irish_bank_strikes_(1966–1976)

* https://www.youtube.com/watch?v=mFIQWWt4UaA