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<blockquote data-quote="Flipx99" data-source="post: 2883031" data-attributes="member: 562352">1. You cannot simultaneously have barter and currency within a given transaction. I have a problem with the use of the word &quot;barter&quot; becase we do not have a barter system. By using currency as a means of exchange, we do not have a barter system, as a barter system implies a lack of currency as a means of exchange.For instance: I build you a garage and you install cable in my home (or whatever it is you do; I poke fun at anyone who does not study economics and financial systems //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif ). That transaction would be barter as we are exchanging goods and services.However, my example shows what is problematic about barter. Since building a garage is more valuable than cable installation, and since I only need one instance of such a service, then I am getting ripped off.Introduce currency as a means of &quot;slicing&quot; up those services. Say an installation is worth 1/10 of the value of the installation of a garage. We use currency as a means of exchange.Like I said before, I knew what you meant. But I wanted to clarify that we do not use currency in our American barter system.</blockquote>

[QUOTE="Flipx99, post: 2883031, member: 562352"] 1. You cannot simultaneously have barter and currency within a given transaction. I have a problem with the use of the word "barter" becase we do not have a barter system. By using currency as a means of exchange, we do not have a barter system, as a barter system implies a lack of currency as a means of exchange. For instance: I build you a garage and you install cable in my home (or whatever it is you do; I poke fun at anyone who does not study economics and financial systems [IMG]//content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif[/IMG] ). That transaction would be barter as we are exchanging goods and services. However, my example shows what is problematic about barter. Since building a garage is more valuable than cable installation, and since I only need one instance of such a service, then I am getting ripped off. Introduce currency as a means of "slicing" up those services. Say an installation is worth 1/10 of the value of the installation of a garage. We use currency as a means of exchange. Like I said before, I knew what you meant. But I wanted to clarify that we do not use currency in our American barter system. [/QUOTE]

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