Coins – worthless & unnecessary

Get rid of the Penny / NickelWhy are these things still created? At what value will these worthless pieces of economic exchange finally be deemed unnecessary and their production finally stopped?

Around 700BC when coins started to be minted in China, India, and in the areas surrounding the Aegean Sea, they represented a huge advancement for humanity. Before their creation, bartering was the standard form of economic exchange and was far more cumbersome and inefficient. Coins, being the first form of currency widely used, ushered in a new era that forever changed society.

2700 years later, starting around the 1990s Continue Reading →

19. June 2013 by admin
Categories: business, things | Tags: , | Leave a comment

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