Monday, May 15, 2017

If not the origins of money, then what?

If the important fact is not whether money first arose to replace barter, then what are the important facts?

   •  A cycle of civilization exists;
   •  it is an economic cycle, as is the business cycle;
   •  it can be observed in the rise and fall of money; and
   •  it is driven by the dispersion and accumulation of wealth.

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