VOICED: The no-cash economy, a hot business for hard times

The video discusses the practice of bartering, using the example of John from Cape Cod who trades oysters for home renovations. It highlights the benefits of bartering over traditional currency, especially in small communities and tough economic times. The video also explores the organized barter system in New England, where businesses trade services and goods without money, showing how this old method is gaining popularity and may be a future trend.

What alternative use did John find for his oyster harvest?

• He used them to barter for home improvements.

• He donated them to a local charity.

• He started a new oyster farm.

• He sold them at a higher price in New York City.

What is a key benefit of bartering mentioned by John?

• It increases the value of goods.

• It feels more personal and direct.

• It eliminates the need for banks.

• It allows for tax deductions.

What role does Ken Maharg play in the bartering system?

• He is a local farmer.

• He heads a regional bartering group.

• He is a restaurant owner.

• He is a carpenter.

How does the barter currency system work among businesses?

• Businesses use a digital currency.

• Businesses trade services directly without money.

• Businesses rely on government subsidies.

• Businesses exchange goods for cash.

Why is bartering becoming more attractive in a tough economy?

• It is mandated by the government.

• It is a new trend in the market.

• It helps businesses save money on essential services.

• It allows businesses to avoid taxes.