Money Systems Transparency Alliance MSTA: Difference between revisions
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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. | 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. | *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. | *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. | ||
[[Category:About-Economics]][[Category:About-Money]][[Category:About-Moral_Economics]] | [[Category:About-Economics]][[Category:About-Money]][[Category:About-Moral_Economics]] | ||
Revision as of 23:37, 9 October 2018
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.