- Capitalism and Alternatives -

Swift.

In Reply to: quick posted by Gee on July 07, 1999 at 15:12:11:

: Unless it is representative of, or actually made of (!), something of consistent exchangeable value. Then its not so reliant upon government authority - hence goverments dont like gold standards, or any such tying of money to actual exchangeable value.

Thats a regression to barter, it would still take some form of social authority to decide what was the *universal* unit of exchange, otherwise free markets break down. Just as measurements need authority- Le Grand K in France, for example- so to does money need authority to affix it (else how many pounds of silver to the Gold?).

Follow Ups:

• Not-so-swift... Flynn YeahGetIt Productions US July 08 1999 (3)
  • Not right neither... Red Deathy Socialist Party UK July 08 1999 (2)
    • They are worth whatever someone else will give for them. Flynn July 08 1999 (1)
      • Not unviersal that... Red Deathy Socialist Party UK July 09 1999 (0)