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Teeth, language and racial origins, page-1271

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DBT9

26,181 Posts.

03/08/20

22:24

Post #: 46277093
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Originally posted by tigmeister: ↑

A "currency" needs an enforcer who demands payment in it. Otherwise it is not a currency. Why would anyone accept it? Besides, as I have said, money can be accumulated to infinity and requires private property law for it to operate. Most of these tribal structures, the earlier hunter gatherers at least, don't tolerate hoarders.

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Currency requires consensus. If people lose confidence in the value of their currency, their currency falls in value.
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