Are the transaction costs reduced by money primarily cognitive costs? Those can get bad in a giant network of creatures with mean IQ=100
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Replying to @puellavulnerata
@puellavulnerata@sarahdoingthing The IQ level at which someone successfully reinvents money - which culture can raise, but not eliminate1 reply 0 retweets 1 like -
Replying to @mattskala
@puellavulnerata@sarahdoingthing by which I mean: forbid money and it'll take IQ to bring it back, cf. Islam and interest-bearing loans.1 reply 0 retweets 3 likes -
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Replying to @puellavulnerata
@puellavulnerata @mattskala but the FDA keeps us safe
10:33 PM - 27 Feb 2016
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