I don't think that there is necessarily anything wrong with barter.
A currency-based system of exchange is essentially a barter system. Except that just about everyone is willing to barter for currency. This makes the system more efficient because it allows you to go to a store and be confident that they will be willing to take what you have (currency) for what they have (goods and/or services).
Without currency, you wouldn't have that assurance. In addition, currency is easy to deal with (especially since the advent of credit). It's a lot more convenient to walk around with a bank card then it is to walk around with a herd of goats (or whatever else you may have to barter with - I'm not sure why I used a herd of goats as my example, might have been a Freudian slip).
But there are issues with currency too. Currency only has value as long as people believe it has value. If that confidence fails, then the currency becomes worthless and the whole system fails (post WWI Germany comes to mind).
by Virhinio Neto7 years ago
Imagine there were no money. Would we be happier?At the end of the day… is money a contributor to our happiness?
by nextstopjupiter7 years ago
Today it is 36 days that I live without money. It is a wonderful feeling to be free and not to depend on the activities of criminals - the banks and the financial system who steal other people's money - and their slaves...
by RodneyBlaec Rainey5 years ago
Some will say that a system or tool such as money could not be moral or ethical; it’s how the tool or system is used that matters, but does it not facilitate treachery on a disastrous scale? Are laws and regulations...
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