The Big Gunt on Nostr: Sound Basis for Trade In the world of sound money, goods and capital flowed between ...
Sound Basis for Trade
In the world of sound money, goods and capital flowed between different countries almost in the same way they flowed between different regions of the same country: according to the desires of their rightfil owners as agreed upon in mutually beneficial exchange. Under Julius Caesar's aureus, or under the gold standard of the Bank of Amsterdam in the seventeenth century, or under the nineteenth century gold stan-dard, physically moving a good from one location to the other was the most significant barrier to trade. Tariffs and trade barriers hardly existed, and if they did, they constituted little more than fees to pay for the management and maintenance of border crossing points and seaports. #bitcoin
In the world of sound money, goods and capital flowed between different countries almost in the same way they flowed between different regions of the same country: according to the desires of their rightfil owners as agreed upon in mutually beneficial exchange. Under Julius Caesar's aureus, or under the gold standard of the Bank of Amsterdam in the seventeenth century, or under the nineteenth century gold stan-dard, physically moving a good from one location to the other was the most significant barrier to trade. Tariffs and trade barriers hardly existed, and if they did, they constituted little more than fees to pay for the management and maintenance of border crossing points and seaports. #bitcoin