Opinion Letters

Tuesday 16 January 2018

Trade winds

• You published a most astonishing article on July 10, where Stephen Kinsella from the University of Limerick praised the Clonakilty "Favour Exchange" and supported the idea that the scheme be expanded.

While I too hope that Clonakilty recovers quickly from the flooding, advocating a barter economy as a solution suggests that there are even worse problems for them to face than mere water.

Barter is a very bad medium of exchange. Money was invented as a medium that everyone could use and which makes a market far quicker and easier to organise than having to find people, each of whom wants the thing that the other has.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss