By Bob Meyer

The following quote was taken from the book Thoughts, by the late Malcolm Forbes. Although it was written years ago, it is certainly relevant in today’s business world!

“Economic purists (what a nice, clean word to describe unperceiving pedagogues) are bewailing the galloping growth of swapping in international trade. Hard-currency-less countries need what hard-currency countries sell. But often the former cannot pay for those goods with their crops and stuff, because the seller has no use for them.

“So when direct swaps can’t be made, the round-robin swap gets the job done. Barter’s basic—has been, always will be. It’s just more so now. No monetary wand—old or new—is going to make it disappear.”

—Malcolm Forbes

This entry was posted on Tuesday, February 27th, 2007 at 1:24 pm and is filed under Best & Brightest Barter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.