• shortwavesurfer@lemmy.zip
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    15 days ago

    While you have a point, paper sacks would be a bad currency because it’s decently easy to create more paper sacks and therefore inflation would run rampant quite quickly. This is why things that used to be considered money are no longer money such as seashells, glass beads, etc. It turns out they were too easy to make and inflation ran rampant until they found a harder currency.

    • catloaf@lemm.ee
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      15 days ago

      Those things were used either because they had inherent value (gold, seashells, gems) or they were just hard enough to make for the average person (glass beads, coinage).

    • Kalkaline @leminal.space
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      15 days ago

      Paper sacks have a natural limit to being made just like everything else. Eventually you reach market stability, paper sacks are also not durable, so there would be some churn in the supply.