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Dunatis Posted:No, money is a common medium of exchange used to eliminate the double-coincidence of wants which is such a problem in barter. As we have wants and will trade to sate those wants, it simply is easier to have a common medium of exchange, isn’t it?
On The Origins of Money by Carl Menger |
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Posted On: 11/19/2009 7:54PM | View OverclockedJesus...'s Profile | # |