“…it can become hard to grok once we get to a certain level”
Agreed there. I’ve just really been thinking about this idea for a few weeks so I’m far from grokking it myself. Particularly when it comes to the currencies we might use; I can’t get much beyond barter at the moment. I know that at points in history prior to and even after the creation of the Bank of England there were many local currencies but how they worked I’ve not researched enough to understand fully. And yes it seems to be an absolute/relative kind of thing. One wonderful piece of fiction that almost got me to understand it was Neal Stephenson’s “Baroque Cycle”. Gold/silver vs paper currencies. Monetary systems can be quite complex, as we’ve seen all too clearly with the credit derivatives crap the banks got into.

Originally posted as a comment by alex williams on Ethan Bauley Dot Com using Disqus.