💲 Money vs. Barter | Characteristics of Money

Money vs. barter. Why is barter ineffective? What are the characteristics of money that allow it to be used that way? Learn Austrian Economics in a fun way!
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Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!

[@aryanrusty]

I love the way you explain

[@digitaltrappin]

whos here from school

[@MyThoughtzAndOpinionz]

I disagree. If he doesn’t need a pair of shoes, he can still stock up on shoes and barter them elsewhere. This will diversify his exchanging power. Most people don’t use the products that they sell anyway.

[@jimmyfaustjr6413]

Money only works for the rich. Id like to go back to bartering. This money thing aint turning out to good.

[@yellowbird5411]

Due to hyperinflation in Venezuela, barter has been a necessity for goods and services in the past few years among businesses and individuals both. While money is still used, it has become impractical to use much of the time due to the loss of the value of their currency.

[@maxdondada]

I disagree that bartering is ineffective. The internet can make it very effective if designed the right way

[@XxLuciferzZ]

Time actually doesn't exist after you leave the planet

[@DustyAxe_Reacts]

"i never wear shoes in the summer" is wearing shoes

[@earlrussell1026]

You must love Jehovah your God with all your heart and with all your soul and with all your mind and with all your strength. You must love your neighbor as yourself. Jesus the Anointed is Lord! Repent and be baptized and believe the Evangelism.

[@gyorkshire257]

The societies working on the barter system you describe never existed. Cool story though.

[@topking403]

So money has no value its imaginary with no real use

[@albdim1]

This is exactly the video I was looking for. They way you exaplined how the shoemaker could not barter - and, for that matter no other villager could - any longer was FANTASTIC. Thank you so much for making this video.

[@nicholasp884]

This would still work perfectly fine. Only one thing stops this from being totally effective. Some large group of people decided they own all the land under every activity that is done and requires a tax that's difficult to keep up with.

[@sekousmiley9765]

When he said at the end of the video "please subscribe" I was like, you don't even need to bother saying that, I subscribe right away. Indeed, This was a very informative video, explained so clearly and concisely.

[@meygavox]

For info, in a small economy with few goods, people don't need to rely on barter to exchange goods. They can simply opt for “flexible social credits” - that is a promise to give something back once, not necessarily a specific good or service.

[@ButterflyHummingbird]

You present some good ideas and examples. Absolutely, gold (silver is highly under-valued, though) is better than the fiat currency we now use.

[@lg4995]

5 Characteristics of Good Money:

[@adamfilipp]

that's why people established local marketplaces, so people don't have to run around as much

[@Aeroxima]

I love how this is looking at things from such a clean slate, rather than just assuming money is a fundamental part of existence, as much as gravity or light. It's an idea, one way things can (and have) been done, not a guaranteed aspect of reality.

[@charliebrownau]

A certain person in a certain country came up in the 40s with a money concept that the DOLLAR was based off HOURS