Difference between revisions of "Money Systems Transparency Alliance MSTA"

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(Added a link to the named expert's wikipedia page.)
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*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.
 
*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 [https://en.wikipedia.org/wiki/Narayana_Kocherlakota 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.
 
*When,  even leading experts such as [https://en.wikipedia.org/wiki/Narayana_Kocherlakota 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.
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*[https://www.youtube.com/watch?v=Ks30HxaFx6Y What about Government Debt?]
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[[Category:About-Economics]][[Category:About-Money]][[Category:About-Moral_Economics]]
 
[[Category:About-Economics]][[Category:About-Money]][[Category:About-Moral_Economics]]

Revision as of 02:01, 29 January 2019

 https://www.moneytransparency.com/

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.