Here's what @NickSzabo4 wrote contra David Graeber, five years before "Debt: The First 5000 Years": http://unenumerated.blogspot.com/2006/06/menger-on-money-right-and-wrong.html …
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@socrates1024@zooko@iang_fc@oleganza Key point they miss: lingering expectations are error-prone, debatable, risky, costly.
@socrates1024 @zooko @iang_fc @oleganza Even more error-prone when no standard of value: how many apples owed for a back scratch?
