The Problem With the Austrian Business Cycle

The world has a system of partial barter and it's kind of crazy if you think about it. It's a huge step backwards from where we were in the 19th century. In 1900 you could trade with pretty much anywhere in the world using the same currency. The exchange rate was a fixed variable that you didn't have to worry about, money traded across the world very easily. Now we have barter we're back to international barter if you want to buy something from another country you have to buy their currency first and then buy their things which is a massive inefficiency. We need one functioning central one functioning neutral unit that did not depend on a single government.