Tuesday, May 8, 2012

Items That Could Replace Money, Free Ice Cream Cones, Rent Is Too Damn High And More

Tuesday, May 8, 2012
It might be time to examine what really serves as a common currency these days – and what might, in a few years or decades, be in a position to replace bits of circular metal and pieces of paper as both a store of value and means of exchange. To the extent that the Euro and other such conventional currencies rely on complex political arrangements and thus the whims of voters, they may be untenable.

So what could replace money as we know it? Of course, cashless electronic payments are the sexiest, most forward-looking option. But there clearly are other, more old-school items of value that could essentially fill the same role as today's currencies, having value in the eyes of millions or billions of people worldwide regardless of where they live.
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