Without cash, you are stuck with barter, the extremely high friction of barter,

Without cash, you are stuck with barter, the extremely high friction of barter, the illiquidity of most possessions, and a population lacking subsistence production, and lacking inventory, with which to barter. So yes. Without cash the only solution is ‘taking things by force’.


Source date (UTC): 2020-11-13 15:45:25 UTC

Original post: https://twitter.com/i/web/status/1327276388802568192

Reply addressees: @TruthQuest11

Replying to: https://twitter.com/i/web/status/1327101324857659393

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *