QM007 - Money Always Develops


Hi All,

Today’s newsletter issue is about why a form of money will always naturally develop. In pre-money societies, systems of barter never lasted long. In fact, there are no records of any societies that operated entirely on a barter economy. That doesn’t mean barter didn’t exist though - it did, barter as the dominant method of exchange just never lasted very long. But how does a new form of money start? How do you get from barter to money?

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Thanks for listening!