Enjoyed the conversation! Money and economics are always interesting to me, as long as the emphasis isn't pro-government sophistry.
Especially like how you went through the three functions that money fulfill and noted that they can be reduced to one thing. I agree. Money is a proxy for goods and services. It's this proxy status that allows it to facilitate trade ("medium of exchange") and to be a "unit of account," and "store of value" is basically saying you expect it to remain a proxy for goods and services into the future.
You forgot "handsome."
Quite correct! 1,000 pardons.
Are pardons a new form of currency?
Enjoyed the conversation! Money and economics are always interesting to me, as long as the emphasis isn't pro-government sophistry.
Especially like how you went through the three functions that money fulfill and noted that they can be reduced to one thing. I agree. Money is a proxy for goods and services. It's this proxy status that allows it to facilitate trade ("medium of exchange") and to be a "unit of account," and "store of value" is basically saying you expect it to remain a proxy for goods and services into the future.