Adam Smith was completely wrong about barter—he thought it was an old-fashioned prehistoric practice involving cavemen swapping berries for meat that would die out with money and credit, but barter actually exists in many communities simultaneously with money and credit
factualpending
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Gillian TettEvidence Quote
“adam smith got totally wrong...barter was an old-fashioned prehistoric practice...barter would essentially die out...he was a hundred percent wrong [39:38]”
Created: 8/12/2026, 10:33:04 PM
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