Friday, November 21, 2008

Barter Is The Base

As the financial system totters and falls, the barter system of which it is just one extension will continue to survive. Barter values goods and services in terms of other goods. I will chop your winter's wood if you will make me clothes. I could cut hair in my front room for food. I will survive.

To recover, use the financial system to enhance barter. Make the financial system serve the process, rather than be the process.

I would accept dollars or donuts in my home barber shop. A mix of dollars and donuts is more stable than a pile of either.

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