Imagine that you earn a living by raising chickens and selling eggs, and I raise cows and sell milk. We both support ourselves by specializing in the production of one product, and we must sell that product in order to procure all of the other goods and services that we don’t produce for ourselves.
I need to get a stamp each week, right? Seems like an extra burden - going somewhere to stamp the money. In addition, what if I, say, get sick and can't go but need money urgently, like, for taxi? You get my point - it seems very inconvenient in practice.
And what if half a population forgets to go and stamp their money in time? What happens?
The convenient thing about money is that it is stable. I can exchange it for goods at any time.
I could say that way - if money loses its store value, then it becomes shaky also as to its exchange value.
But let's say there are a bunch of people who just want to rob the community of its goods. Will the community spend some of their sparetime to learn how to fight and depend (not effective against professional robbers) or will some just get goods from the community in exchange for specialising in the art of defending the community?
Ok, what about those bunch of guys who want to engage in pure mathematics? They can't exchange the fruit of their labour into eggs (the egg guy doesn't need it).
OK, how would it technically work in practice?
I need to get a stamp each week, right? Seems like an extra burden - going somewhere to stamp the money. In addition, what if I, say, get sick and can't go but need money urgently, like, for taxi? You get my point - it seems very inconvenient in practice.
And what if half a population forgets to go and stamp their money in time? What happens?
The convenient thing about money is that it is stable. I can exchange it for goods at any time.
I could say that way - if money loses its store value, then it becomes shaky also as to its exchange value.
Ok.
This works for goods.
But let's say there are a bunch of people who just want to rob the community of its goods. Will the community spend some of their sparetime to learn how to fight and depend (not effective against professional robbers) or will some just get goods from the community in exchange for specialising in the art of defending the community?
Ok, what about those bunch of guys who want to engage in pure mathematics? They can't exchange the fruit of their labour into eggs (the egg guy doesn't need it).
Confusing article. You never give us your definition of "money".