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No ethnographic studies have shown that any present or past society has used barter without any other medium of exchange or measurement, and anthropologists have found no evidence that money emerged from barter.
https://en.wikipedia.org/wiki/Barter
What would be an example of the barter economy you’re certain exists? How do they overcome the need for double coincidence?
Well, he’s down in the polls again so why not do what works
This is literally the first post where you’ve understood what question I even fucking asked, I think you’re obligated to give one attempt at an answer before you take your third place victory lap
No you asked why hadn’t they raised prices before.
Sorry, you’ve misunderstood the question. Obviously there have been price increases in the past.
If a company, on this present date, raises the price of a widget they sell to $X.XX, I’m asking you why it wasn’t already at that price. Why had they waited?
Oh you see, you could have asked that way up there.
I did.
Economics actually talks quite a lot about monopoly power and rent seeking.
Do you? This is the first you’ve mentioned either. What’s the “monopoly” in the situation we’re discussing?
No, I’m asking you to explain why you think prices are arbitrary in contravention of essential economics.
Socratic questioning goes back a lot longer than 5 years, stupid
If trade occurs, then by definition they have currency; there are no barter economies.
I mean I am the chain, I’m asking you what the fuck you’re talking about and you’re really bad at having clear ideas
Who said anything about slavery? What are you talking about?
Sorry, what are you talking about? What “war”? What was made illegal?
They didn’t think they could get away with raising prices so far before. And they would pay us nothing if they could.
What does “get away” with it mean? Why can’t they pay us nothing?
Why hadn’t they raised them before? Why don’t they keep raising them until prices are at infinity?
Why don’t they lower wages to zero, or negative?
Weren’t they the ones that used shells as money?
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