Tag: medium-of-exchange

Tag: medium-of-exchange

1 page tagged medium-of-exchange.

Pages

• Chapter 9: Barter and the Development of Money — Economics 101

  Why barter doesn’t scale, what jobs money actually does, and how currency evolved from commodity to representative paper to inconvertible fiat — with the gold standard as the pivotal compromise in the middle.

Related tags

• money
• barter
• commodity-money
• fiat-money
• gold-standard
• monetary-history