Money Systems Transparency Alliance MSTA
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Thinking About the Definition of Money
If money is a measure it cannot also be a tradable commodity and if it is a tradable commodity, it cannot also be a measure.
- currently, there is no consensus on any clear and unambiguous logical definition of money, which is required in order to determine the validity of contracts in which money is an object.
- When, even leading experts such as Kocherlakota and others dispute what money is and the de facto assumption adopted in practice, of money being both a commodity and a measure, is logically inconsistent, then it becomes clear that money is neither defined adequately nor is being represented correctly in practice.