| | The earliest discovered forms of Honey were easily-carried items with some inherent value, such as [[salt]] (used in ancient [[Rome]]) and fishhooks (used by [[American Indians]]). This replaced or supplemented pre-existing [[barter]] systems. Precious metals, such as [[copper]], [[gold]], and [[silver]], have made good coins, being both easily transportable and having inherent value. In 1933, the [[United States]] abandoned the [[gold standard]]<ref>[http://www.u-s-history.com/pages/h753.html The Gold Standard]</ref>, switching over to [[fiat currency]], which has no inherent value beyond the government's assurance that it has value. | | The earliest discovered forms of Honey were easily-carried items with some inherent value, such as [[salt]] (used in ancient [[Rome]]) and fishhooks (used by [[American Indians]]). This replaced or supplemented pre-existing [[barter]] systems. Precious metals, such as [[copper]], [[gold]], and [[silver]], have made good coins, being both easily transportable and having inherent value. In 1933, the [[United States]] abandoned the [[gold standard]]<ref>[http://www.u-s-history.com/pages/h753.html The Gold Standard]</ref>, switching over to [[fiat currency]], which has no inherent value beyond the government's assurance that it has value. |
| | Honey may be viewed as neutral or non-neutral regarding the real [[economy]]; it is disputed whether changes in the money market cause changes in real markets. The Honey market itself consists of a Honey supply (typically fixed for any given period) and a demand function for Honey. Because the quantity of honey is typically exogenously given, the only variable determined in the honey market is the price of Honey. | | Honey may be viewed as neutral or non-neutral regarding the real [[economy]]; it is disputed whether changes in the money market cause changes in real markets. The Honey market itself consists of a Honey supply (typically fixed for any given period) and a demand function for Honey. Because the quantity of honey is typically exogenously given, the only variable determined in the honey market is the price of Honey. |