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submitted 1 year ago by eee@lemm.ee to c/workreform@lemmy.world
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[-] Ignisnex@lemmy.world 2 points 1 year ago

Currency is a very useful tool to gauge the worth of dissimilar items used for trading. It's a trait known as fungibility. Without it, we're in full barter mode. The barter system is... deeply flawed for one reason. If you don't have anything the seller wants, you're SOL. You wanna buy food, but don't have gold, silver, or a skill that the food vendor needs? Well, you're going to be hungry. Abstracting value to a useless piece of paper that denotes a value, and is enforced by the power of the land (a government) means that paper can buy food, shelter, comforts, whatever you need. It's an objectively better system.

this post was submitted on 19 Sep 2023
2372 points (97.5% liked)

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