> If Alice instead decides to hoard the dollar, nobody makes any income and there is no economy. It is not truth. Money is not just papers, or numbers, they a

> If Alice instead decides to hoard the dollar, nobody makes any income and there is no economy. It is not truth. Money is not just papers, or numbers, they are equivalents of products and services. And for real economy is totally normal, to hoard resources. Sure, ideal abstract hoarding is harmful, but in real life, exists hoarding with purpose, or some strategy involving hoarding. For example, one could hoard money in cash, enough to pay all his credits bodies. Other examples, in retail, typical shop have warehouse, with products for few days of trade - this is hoarding 100%; near all enterprises have warehouses, for at least few weeks of work; when products shipped via sea on cargo ship, these ships become moving warehouses. Now, imagine, hoarding disappear. From first look it have some pros - warehouses costs money and they added to costs of products and services. But if You'll look deep, You'll see, that products and services are not done instantly, exists some lag, from decision to make, to delivery. - Hoarding working as buffer, so we don't have to wait, we could buy products and services immediately, from warehouse. For enterprises things are even more significant, because they have huge costs cut, because buying large amount of some resources, for few months in advance (or even for few years), could be magnitudes cheaper, than jit buy small daily batches. Other important consideration, transportation is not 100% reliable. Exists possibility, that truck with resources (parts) will delay somewhere or just broken, and if You have not hoarded equivalent resources, Your enterprise will stop working, until these unlucky truck finish it's trip.