Tolls, taxes and tariffs: fares, fines and fees
The paradigm shift1
That everything has to be paid for is a trite truism: the arguments arise over who pays whom for what, when and in which currency. The answers to those questions determine the processes for making the payments that are created by society. Most payments are made in money which is defined by fulfilling three basic functions:
a medium of exchange in which one person pays another for a good or service;
a common unit of account, enabling the values of goods and services to be summed;
a store of value representing either savings or debts.
Exchange, namely buying and selling, implies personal ownership: a good may only be rightfully sold by the owner and buyers may only ...
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