[Modern Economic Problems by Frank Albert Fetter]@TWC D-Link book
Modern Economic Problems

CHAPTER 2
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#The monetary economy#.

So greatly does the use of money facilitate the transfer, buying, and selling of private property and so closely are property and pecuniary trade connected in practice and in the thoughts of men, that every radical proposal to abolish private property has included a plan to do away with money also.

But money and private property are not essentially and logically bound up together, for a certain measure of private property always has been found where money was little or not at all used.

True, if there were absolutely no private property, there would be little use for money, altho it might still be used as a form of counter by the communistic state.

We have already seen[5] how a monetary unit comes into use, and we shall treat more fully of the nature of money in later chapters.


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