A few thoughts on Currency & Markets
Posted on February 22, 2009
This is the first draft of an essay I’m working on comparing different types of currency and markets. It’s all kinds of not done, but I wanted to post it here to hopefully get some feedback.
—-
A few thoughts on Currency & Markets
There are three fundamentally different types of currency, there is social capital which is real and important and invisible and largely unconscious, there is also currency of convenience – gold or cacao beans or some other easily mobile product with an intrinsic value that is used as a convenience in order to make barter between multiple parties more convenient. The third form is representative currency, that is to say paper money and/or its various digital and abstract representations.
Filed Under economics | Leave a Comment
