The Daily Paul has been archived. Please see the continuation of the Daily Paul at Popular

Thank you for a great ride, and for 8 years of support!

Comment: Nope. All media of exchange

(See in situ)

In reply to comment: I don't need an interpreter. (see in situ)

Nope. All media of exchange

Nope. All media of exchange are not necessarily money, because all media of exchange can't possibly be the MOST SALE-ABLE good.

Tokens from Chucky Cheese, stock in a corporation, and even favors can be used in an indirect exchange, but none of these classify as money, because they aren't the MOST sale-able good.

It can qualify as a currency, because it has a market price expressed in other goods/currencies.

Maybe someday bitcoins WILL be the MOST sale-able good, however unlikely that may seem. Right now, they are NOT the most sale-able good.

"I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."