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by anigbrowl
3922 days ago
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Yes...that's why I described money as 'an abstraction.' My point is that the underlying resources on which money gives you an easy means of purchasing a claim (instead of having to barter) are sometimes perishable, which means that opting to store rather than use them can have a cost (separate of the opportunity cost of foregone alternatives) and inflation could be thought of as the incorporation of the aggregate perishability of goods into the abstraction of currency. I can't give you a citation for this, it's just my personal conjecture. |
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