A world without money.

[Reincarnate]

Originally Posted by devonin

I'm amused by the idea that if you abolished currency you'd be "left" with the barter system. You do realise that money -is- the barter system still, we've just allowed a way for two people who don't actually have something the other one wants to deal by providing a universal intermediate step they can trade to anybody.

Yup yup -- which is why this discussion is just silly. Removing money doesn't suddenly make everything "free." Completely stupid way to look at it.

Removing money doesn't improve squat -- you're just removing liquidity, which comes at a cost. Money saves us money (there is a value to our monetary system) and lowers transaction costs by its very existence.

The only caveat is that we operate under a fiat system where we "accept" that the dollar is worth its value, backed by the faith and credit of the government.