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.

0 Responses to “Very interesting sentences”

  1. Leave a Comment

Leave a reply; use raw HTML for markup. Please blockquote quotations from the post or other comments.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

anarchocapitalist agitprop

Be advised

I say fuck a lot



Statistics FTW


%d bloggers like this: