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money doesn't have a yield, so it can't have an interest rate. also consider that the interest rate is denominated in a ratio of currency units. its nonsensical
by tensor_rank_0 9y ago
money doesn't have a yield, so it can't have an interest rate. also consider that the interest rate is denominated in a ratio of currency units. its nonsensical to reify currency as a special case of a loan of itself.
- simo7 9y agoIf it helps read here: https://en.wikipedia.org/wiki/Near_money https://en.wikipedia.org/wiki/Near_money Unfortunately this "nonsense" is the explanation that any economist would give you. Maybe you can be the first one to propose a revolutionary alternative theory, but I haven't read it :)
- tensor_rank_0 9y ago> If it helps read here: that doesn't support your novel assertion. > Unfortunately this "nonsense" is the explanation that any economist would give you. lots of people running around hn espousing their own particular viewpoint as mainstream econ. are you guys working together or is it just a few guys attempting to take advantage on a non-econ crowd? > Maybe you can be the first one to propose a revolutionary alternative theory, but I haven't read it :) well you're obviously not very well read if you think commodity money is a revolutionary alternative theory :). I'd suggest starting with introductory econ textbooks and setting your own prejudices aside until you're better informed.