Fine; are we talking about Fiduciary or Hard currency? If it's the latter, which being a Libertarian I think it's pretty safe to say we are, then the market model still stands, which puts money into three categories:
1. Medium of exchange 2. Store of Value 3. Unit of Account
Perhaps simplistically, I related my thoughts to the idea of Commodity money, which are (or at least used to be) related to the Gold Reserves of the UK. What we have now is a Fiat money system, which rather than being based on Italian cars, is more related to the performance of the country's trade against other nations. Money as a unit of account helps us gauge the differences between, say, a tin of beans and a house.
Now, I never said that 'barter' had to be a physical aspect. In fact, it's more of a promissory note. If you tell me a story that amuses me, then I will give you a note. Olaf the butcher owes me a piece of meat, but if you take that to him, he'll give you the meat instead.
No matter how many gypsies come to my door selling lucky heather, I'm not going to have any more money to give them. There's the possibility that I might end up giving them more money than I intended, but that money doesn't come from nowhere, and means that I have to restrict my spending on other things.
Despite interest rates and currency exchanges, and superannuation, it is, still just a fancy barter. There's not one concept extant in any degree of finance which doesn't have a correlation in the most basic exchange of goods and services.
But anyway, I haven't got time to open Keynes now - I've got slacking to get on with!
Re: To each according to her needs
1. Medium of exchange
2. Store of Value
3. Unit of Account
Perhaps simplistically, I related my thoughts to the idea of Commodity money, which are (or at least used to be) related to the Gold Reserves of the UK. What we have now is a Fiat money system, which rather than being based on Italian cars, is more related to the performance of the country's trade against other nations. Money as a unit of account helps us gauge the differences between, say, a tin of beans and a house.
Now, I never said that 'barter' had to be a physical aspect. In fact, it's more of a promissory note. If you tell me a story that amuses me, then I will give you a note. Olaf the butcher owes me a piece of meat, but if you take that to him, he'll give you the meat instead.
No matter how many gypsies come to my door selling lucky heather, I'm not going to have any more money to give them. There's the possibility that I might end up giving them more money than I intended, but that money doesn't come from nowhere, and means that I have to restrict my spending on other things.
Despite interest rates and currency exchanges, and superannuation, it is, still just a fancy barter. There's not one concept extant in any degree of finance which doesn't have a correlation in the most basic exchange of goods and services.
But anyway, I haven't got time to open Keynes now - I've got slacking to get on with!