Paul SomeoneElse on Nostr: Money as a tool to transfer goods across time and space is useful. Money as a _store_ ...
Money as a tool to transfer goods across time and space is useful.
Money as a _store_ of goods over time and space is bad.
I can't sell my chickens to someone miles away from me that doesn't want chickens but I want what they have.
I can sell my chickens for money and use that to buy the thing I need from the person that doesn't want my chickens.
This is where the utility of money ends.
Money is like a buffering cache to let goods and services interconnect us.
Money as a _store_ of goods over time and space is bad.
I can't sell my chickens to someone miles away from me that doesn't want chickens but I want what they have.
I can sell my chickens for money and use that to buy the thing I need from the person that doesn't want my chickens.
This is where the utility of money ends.
Money is like a buffering cache to let goods and services interconnect us.