24
Mar
12

Very interesting sentences

Nick Rowe on barter and/or improvised currency:

I’ve always been thinking about the Euro collapsing due to governments using another money. Maybe I’m wrong. Maybe the danger to the Euro is (or is also) from people using another money.

(Emphasis added.)

The post is self-recommending, but I think that last sentence is critical.  After all, economies are made of people and relationships between people; governments can exert immense influence on those people and their relationships, but it’s still fundamentally about individuals trading.  Wildly heterogeneous collections of individuals are hard to abstract, so we usually think about economies in terms of sectors and governments and central banks and regulatory regimes.  We forget about the individuals at our peril.

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anarchocapitalist agitprop

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