Magic Man
03-11-2003, 11:42 PM
Money is a form of off-setting the immediacy of the good/service exchange process isnt it?
In the days before money, the exchange process was immediate, you exchanged an item or a group of items for another item or group of items, which both exchange parties deem as equal in value.
When money came along, it allowed this immediate exchange between two parties to be delayed, and also increased the exchange parties to whoever recognised money as an exchange medium.
So really, money is simply a place holder on a future exchage.
- m
In the days before money, the exchange process was immediate, you exchanged an item or a group of items for another item or group of items, which both exchange parties deem as equal in value.
When money came along, it allowed this immediate exchange between two parties to be delayed, and also increased the exchange parties to whoever recognised money as an exchange medium.
So really, money is simply a place holder on a future exchage.
- m