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jmcmichael | 6 years ago

The 'double coincidence of wants' problem of barter exists. What is a myth is the assumption that any culture used barter as a primary means of exchange. Barter was used on the edges of tribes, clans, etc. between groups of people who do not share the kind of trust that exists between members of groups, who will likely live out the entirety of their lives around each other.

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