18 September 2011
ABOUT MONEY.
Money theorists believe that a number of characterisks make money a medium of exchange. The major one that all else derive their existence from is general acceptability. If it is not generally or universally acceptable then what value would it be storing? And it is beacuse it stores value. It's like having a precious metal that is worth a lot. Like a true economists let us make some assumptions. Let's say we give money a quality that hampers it's ability to function as a store of value. Let's say you don't carry it if you don't need it.Employing it all time and with greater speed. Let expenditure move faster. Let's say you have 10 units of money. A law that reduces these units should apply if money is unutilised after 48hrs. That way confidence in currency goes down. In Economic language boost or promote it's transactionary motive in the economy there by reducing it's speculative motive. Increase it's velocity of circulation. Let it change hands fast. Give it a hot-potatoe effect.
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