The Phaserl


The real inflation rate on US dollars: $50 for some chicken?!

by Andrew Henderson, Nomad Capitalist:

Before gold and before silver, ancient traders used whatever items of perceived value were lying around to conduct business.
Call it the ultimate free market for money.

14,000 years ago, obsidian was used for barter in Anatolia before formal trade was even much of an issue. As time went on, traders throughout the region adopted obsidian as a form of barter.

Sardinians mined the stuff from several different deposits around their territory. Obsidian served alongside everything from livestock to sacks of cereal grain

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