Rice makes quite a good currency, especially if you only have one primary cultivar. It's relatively fungible and dried white rice more or less lasts forever without spoiling. It's quite nice it has the side effect of also literally being food. If rice had been common in Rome, we might still be paying taxes in rice.
dluan|4 months ago
jama211|4 months ago
vkou|4 months ago
As long as the largest form of economic activity was agriculture, and access to hard currency was limited, people were paying taxes with food (or labour in their landlord's fields).
We pay taxes in money because we have a diversified economy, where 90% of us are not subsistence peasants, and the money supply & availability of banking is large enough that we (or our employers) have cash on hand.
fluoridation|4 months ago
It's all a fiction, though. Ultimately wealth can be translated to very raw things, like energy, space, and time. Using rice as currency is not too different from using Joules as currency, as it's ultimately just captured and stored solar radiation. The issue with using food as money is not that the economy is diverse, as it's ultimately for the most part powered by people eating. The issue is that if you spend money to make a km^2 of land usable for factories that produce, say, semiconductors, that's not exactly translatable to tons of rice.
charlieyu1|4 months ago