LogFAQs > #951586371

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Topic	Omg who invented money for real
hungrymike 03/11/21 2:33:07 AM #31:	Jen0125 posted... We could have all been living in a society where we just use our skills to benefit each other freely but NO Money Say a person is skilled at making chairs and wants tomatoes but the tomato guy is good on chairs. The tomato guy isn't going to give them up for chairs he doesn't need, nor is he going to give them up for free, because uncompensated labor is wrong. Thus a system of exchange was created whereby the chair making individual can exchange their chairs for a mutually agreed-upon medium to a chair needing individual, and use that mutually agreed-upon medium to then exchange for tomatoes. And money is born. <cite>hungrymike posted [p:951586371] in Omg who in... [t:79341187]...</cite> <quote>Jen0125 posted... </cite> <quote>We could have all been living in a society where we just use our skills to benefit each other freely but NO Money</quote>Say a person is skilled at making chairs and wants tomatoes but the tomato guy is good on chairs. The tomato guy isn't going to give them up for chairs he doesn't need, nor is he going to give them up for free, because uncompensated labor is wrong. Thus a system of exchange was created whereby the chair making individual can exchange their chairs for a mutually agreed-upon medium to a chair needing individual, and use that mutually agreed-upon medium to then exchange for tomatoes. And money is born. </quote> ... Copied to Clipboard!
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