bripat9643
Diamond Member
- Apr 1, 2011
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That’s bartering it isn’t the same thing, poindexterWe do though. Money is a substitute. The theory relates to commodities produced for exchange in a capitalist economy.To be exchanged for products of the same value?Sure he did. He produced paintings and various inventions
We don't do that today. We echange things for cash, including our labor, just as DiVinci did.
Money is not a substitute for a cow or a Bushel of wheat. Money is the means of exchange. It's only purpose is to make exchanging the stuff you produce easier. It makes exchange possible that wouldn't be possible otherwise. For example, a farmer needs some dishes. He has some cows. The potter doesn't want a cow, but money allows the farmer to give the potter something can exchange for whatever he does want.
Exchanging your goods for cash is not batering. Money replaced barter..