Post
Topic
Board Economics
Re: Metarepresented Money
by
mirelo
on 27/01/2015, 05:21:31 UTC
Money is just a certificate of value, and there is a consensus for that value among a group of people

A ten-dollar bill cannot certify that something priced at ten dollars indeed has this (or any other) value, so it makes no sense to define money as "a certificate of value."