Page 4 - Barter System News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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People went down with hammers at lunchtime and beat the doors, and nobody had money. so what you were saying at the beginning about the confidence in the money, you had a coin and could buy some stuff, all that disappeared overnight. people could not buy things and it was quite extraordinary because they were very inventive in how they responded to it and the country essentially went over to barter. they created a currency in the barter system to create the exchange. and it being argentina, you could barter cooking oil for psychotherapy. you just had to regulate the medium of exchange. and the...

At lunchtime and beat the doors, and nobody had money. at the beginning you were saying about the confidence in the money, all that disappeared overnight. people could not buy things, and it was quite extraordinary, because they were very inventive in how they responded to it, and the country essentially went over to barter. they created a currency within the barter system to create the exchange, and it being argentina, you could barter cooking oil for psychotherapy. you just had to regulate the medium of exchange. and because it was argentina, it was so successful and so big, some political p...

And the country essentially went over to barter. they created a currency in the barter system to create the exchange, and it being argentina, you could barter cooking oil for psychotherapy. it is how to regulate the medium of exchange — and because it was argentina, it was so successful and so big, some political parties got alarmed and apparently started printing fake barter currency and flooded the barter system, created inflation and the whole thing fell to bits. it was like an exaggerated mini cycle within a crisis, but it was extraordinary. i do not think we are quite there yet, but peo...