Supported by the Marshall Plan, the new Deutschmark superseded dubious old paintings, and even American cigarettes, as the medium of exchange.
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But the custom developed of just using the paper receipts as the medium of exchange, with few if any showing up to demand the actual gold.
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Eventually society exhausts the carrying capacity of the truly productive and leverages itself with so much debt that the private economy is crowded out or manipulates the medium of exchange in a way that destroys the purchasing power of working class people.
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Well, if the set interest rates lower than the natural rate then they will have rising inflation and output which will mean an ever increasing natural rate and even faster inflation until eventually the economy moves into hyper-inflation and their control over the medium of exchange collapses.
And since price rationing allows individualism through personal valuation the social engineers have even engrossed themselves into the manipulation of the medium of exchange, or the money that we use to place value on the goods, services, resources, investments, interest, and wages that are critical to an economy.
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Pascarella insists that nobody is better positioned to become the premier medium of exchange.
Hence, gold and silver were the only acceptable medium of exchange.
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That writer seems oblivious to the existential threat that aggressive inflation of the supply of Federal Reserve notes poses to their viability as a medium of exchange.
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The New York Stock Exchange apparently considers Al Jazeera to be more of a terror threat than a legitimate news medium, having kicked its reporters out of the exchange trading floor.
The event was sponsored by Departures magazine through its new Global Arts initiative, designed to highlight the global exchange of ideas through the medium of contemporary arts.
While it is included in the commodities basket it is in fact a medium of exchange and one that is officially recognised (if not publicly used as such).
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The country could also take advantage of the world's disillusion with the dollar to promote the yuan as an international store of value and medium of exchange.
But thanks to the economy, residents are more enthusiastic about creating their own medium of exchange.
Experiential currency is the value produced when a brand establishes an experience as a medium of exchange.
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The shilling serves as well as shells or beads would as a medium of exchange.
For nearly 5, 000 years, humans have taken a shine to gold, and it has been used as a medium of exchange by Egyptians, Romans, and governments and individuals into the modern era.
Other projects in the pipeline: an exchange for small and medium enterprises, which will be an Indian version of London's Alternative Investment Market, and a corporate bond market.
The trader wouldn't have any interest in him as the more sumptuous part of a bacon, lettuce and tomato sandwich, but merely as a medium of exchange.
The concept of a citizen group taking responsibility for its own regional economy and finding a way to issue a medium for exchange in its own area is such a powerful image.
Pesos will do as a medium of exchange, if you have no other choice, but once dollars are just a click away the peso doesn't stand a chance competitively.
Shares of stocks listed on the Shanghai Stock Exchange closed to their lowest in nearly 41 months, with class B shares of small- and medium-cap companies getting clobbered most due to new rules for troubled firms.
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