[Y]ou possess all the attributes of a demagogue; a screeching, horrible voice, a perverse, crossgrained nature and the language of the market-place. In you all is united which is needful for governing.

In a basic agricultural society, it’s easy enough to swap five chickens for a new dress or to pay a schoolteacher with a goat and three sacks of rice. Barter works less well in a...

With the breakdown of money economy the practice of international barter is becoming prevalent.

Over the course of human history, many items have briefly flourished as means of exchange, only to be demonetarized. Now, we have demonetarized money.