/biz/ - Business & Finance

>>57165210
read (or listen to an audiobook) of hoppe's short history of man. barter is a thing that just happens in the absence of money. promises of future payment for goods also existed before formal economic study. ie, i'll fix all your shoes and clean your barn if you let me have 5% of your harvest or whatever. trading labor for labor regardless of whether its delivered now or later, sometimes for that express purpose - putting in work in summer so you don't starve in winter. high-trust agrarian societies with shared values and customs are reliable conduits for this kind of exchange. we live in such an atomized existence we need money because we can't trust the urban gentleman down the street to keep his word.