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Money is valuable for "reservation demand". The more people want to hold it, the more useful it is to everyone. Only this way it can become a currency. You can'
by oleganza 13y ago
Money is valuable for "reservation demand". The more people want to hold it, the more useful it is to everyone. Only this way it can become a currency. You can't have currency without value and can't have value without holding and having many hands to hold.
http://blog.oleganza.com/post/66953255676/transactional-currency-and-store-of-value http://blog.oleganza.com/post/66953255676/transactional-curr...
http://blog.oleganza.com/post/43378777734/on-circulation-of-money http://blog.oleganza.com/post/43378777734/on-circulation-of-...