ABCT

posted by
December 22, 2010
Fr33 Agents
by Jacob  
Posted in Commentary

"Have you ever traded cards? How about clothes, or furniture? These are all routine types of exchanges. What makes them distinct from normal exchanges is that they are examples of barter. Barter is when people exchange goods or services for other goods or services, without involving money. This concept is a rare oddity in our part of history because currency accounts for one half of almost every exchange. This ubiquitous usage of money in trading in not an accident; it makes exchange much easier than it otherwise would be." (12/21/10)

 

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