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If you work for me and I owe you, that’s money. You can sell that debt on to somebody else in exchange for goods and services. That’s all money is - a circula
by neilwilson 6d ago
If you work for me and I owe you, that’s money.
You can sell that debt on to somebody else in exchange for goods and services.
That’s all money is - a circulating debt.
- KellyCriterion 5d agoNot necessarily, could also be IOU, but usually today its the local money from a state/gov - you could also sign up for working for "1 liter of milk,3 potatoes etc."