The Traderszone Network

Published in TZ Latest News 21 February, 2015 by The TZ Newswire Staff

Why Does Fiat Money Seemingly Work?

Submitted by Pater Tenebrarum via Acting-Man blog,

Introducing Money

Imagine three men living on a small island. Toni is mining the local salt mine, and apart from him there are Pete the fisherman and Tom the apple grower and their families. They have a barter trading system set up: Toni exchanges his salt for Pete’s fishes and Tom’s apples, who in turn exchange fishes and apples between each other.

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