*Anarcissie* wrote:
> On Mar 21, 1:13 pm, "Andy" <andy.william...@[EMAIL PROTECTED]
> wrote:
>> up to 1914 we in the uk had what was called "the gold standard" what
this
>> meant was that any peice of currency in circulation could be traded for
a
>> peioce of gold of that value at the bank of england.
>>
>> to fund the first world war the UK abandoned the gold standard thus
meaning
>> that they could produce and inject into the economy as much currency as
they
>> needed. In reality this has now given a very surreal feeling to the
idea of
>> inflation.
The gold standard is abandoned often and central banking is almost
always called in to pay for major wars.
>>
>> but as has already been said, money is merely used as a medium for
trade and
>> we could just bas well use beans as we do notes and coins, but like any
>> pound coin or dollar note eachbean would have to be worth something
that is
>> roulghly the same to each individual.
Beans would be a very poor implementation of money, as would cattle,
hay or a number of other commodities that are consumable. This is true
for a number of reasons, two of which are that beans are not rare and
they are not therefore compact and ****table.
>
> -- over a reasonable period of time.
>
