
230: The Gold Standard
Classical Stuff You Should Know
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The Benefits of Bartering
With bartering, you don't need like a perfect storm of desire in order for the deal to go through. So if I want to buy something really expensive, I don't have to have say 20,000 chunks of iron. I can have a few hunks of gold. And that way I can buy whatever I need to. There are some downsides to this, to this, this system. But there are definitely benefits. You come back with gold that is, you know, you're a merchant in Italy and you sell whatever you want in Morocco and you come back with Moroccan gold. That's a useful thing with gold. It has that, it is slightly fungible in
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