Difference between revisions of "Money Systems Transparency Alliance MSTA"

Revision as of 23:35, 9 October 2018

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.

@@ Line 4: / Line 4: @@
 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 a 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 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]]