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by NoMoreNicksLeft
480 days ago
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If that were true, and I'm not saying it isn't, how is that any different than the money we're discussing? Do you think that I trudge down to the bank, withdraw cash (if only it were still silver!), and buy lunch with that? Do I put some in my pocket to pay the mortgage later in the week (even if it's not at the same bank)? The money is just expressed as debt that we all keep track of (some of us worse than others), and if we express the amounts in modern monetary units that's only because there's little else we could agree on to quantify it. Nothing's changed really. |
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> I imagine a peasant of old moving from bartering to coins would 'like' money - would that be allowed by this author or be too gauche?
The idea of there being a solely barter-based economy is not well supported in general, and the idea that they switched from that to coins is also not correct.
I also think it likely that pre-modern people were also dissatisfied with the concept of money, whether coinage or not, in the same way we are now, while also recognizing its utility as a means of exchanging goods fairly over time.