Wednesday, July 23
Currency
Even though there's no national currency, it seems to me that a strict barter economy is a little infeasible considering the fairly substantial industrial base remaining in cities. There would be a common need to make wealth highly portable. Thus, precious metals. Gold and silver coins, bars, bullion, whatever. You'd get paid in a certain weight of such metals, which would translate into varying amount of paper currency or whatever depending on where you go. An ounce of gold might be $30 Cody or $50 Laurel, depending on whatever the bank of that city had decided the value would be. Thus, people would still speak of dollars, but would insist on getting paid in gold.
Subscribe to:
Post Comments (Atom)
2 comments:
This is a test.
I'm willing to bet that in Newton, at least, a good number of transactions actually take place in gold or silver or whatever, rather than in paper Newton dollars. Hell, given the position of Newton in the world, maybe there are no paper Newton dollars.
Post a Comment