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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (46543)	12/4/2005 12:42:11 PM
From: GraceZ	Read Replies (1) \| Respond to of 110194

Currency, except in illegal trade, has become a very small percentage of transactions. We've been trading numbers and ledger entries for quite some time, ever since the wide acceptance of bank checks. Debit cards are simply a different form of check. Barter is one of the least efficient forms of trade. I don't expect to go back there any more than I expect someone to suggest steam powered automobiles. Although barter did arise in Communist countries. It tends to arise in the presence of centralised price controls, it is a way for the free market to reassert itself.