One of the roles of money is to be a medium of exchange. This is usually explained in contrast to the barter system. Bartering is to exchange one type of good for another without the use of money. The problem usually pointed out is that a unit of one good is not equivalent to another unit of good. Clearly, trading a cow for a dog is not the same thing. And you may not want ten dogs for the one cow. Continue reading
Today is the nine anniversary of Sustainability Dharma and me blogging. This post is in part a celebration of this event. I am not sure how many original followers I have left but thank you for reading. Let’s hope we can save our demise.
You have heard it before that we are comsuming more than the earth is renewing the resources. Industrialization is one reason for this. The efficiency with which a small number of individuals can produce a large amount of products is staggering. Think logging. Cutting down a tree took a lot more effort than it did a hundred ago. So when we say economical we don’t just mean efficiency by the end-user but also the producer. Now multply that by the staggering population we have now and you will understand nothing in this world is going to slow consumption except reduction per person and a reduction of the population.