What the hell is money? 1 of 2
Uploader Comments (brendanmcooney)
Top Comments
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This oft repeated narrative of the development of money is not based in any historical records or accounts. Virtual credit systems preceded currency which was developed as a way of quantifying debts. Currency even preceded barter. It appears that the only time barter was ever used in primitive societies was between strangers and potential enemies, and in civilizations when currency systems collapsed and people were acculturated with anti-communal market relations.
Anyway, I dig your videos.
All Comments (58)
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@wort148 I was about to say.
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"Maple leaves or dirt or smiles." Hilarious. Great video!
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Can you ask for your money back? ; )
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pieces of paper or metal with pictures on them
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I always though economics classes as boring but I learned more from the first few minutes of your video than in an entire year in a class put together.
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"first and last appearance of 'medium of exchange' in a children's cartoon" :- )
this is a little hard to hear especially for me with only one ear to hear with.
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dang you're a cutie, thanks for the informative vids!
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change is good-can you spare any?
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What's More. that thing you held up, is NOT "money". but a CRIME. it says so right on it, "LEGAL TENDER"
Even worse, it's legal tender for "all DEBT public and PRIVATE."
"real Money" is not standard, it's emergent.
When the people with the SPEARS and "TOOLS" decided that can stab and beat the guy for his tiger skins unless he take what they insist in exchange, "legal tender", then the CRIME is the STANDARD.
What ever happen to supply and demand. Your videos though amusing, fail to note a variety of variables when analyzing current monetary trends. Eventually the barter system boils down to two individuals opinion of Time,Materials and self-worth. But don't worry, you enlightened highly educated college loners will get your chance to put your opinions to the test soon.
111gate 2 years ago
Re supply and demand: follow the link to my wordpress blog. See the draft script for video 12 of "the law of value".
brendanmcooney 2 years ago 3