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I prefer "medium of account" and "medium of exchange." For one thing, it emphasizes a duality that's easy to forget about.
by ArkyBeagle 12y ago
I prefer "medium of account" and "medium of exchange." For one thing, it emphasizes a duality that's easy to forget about.
- dredmorbius 12y agoThere are four roles. Account is useful, but I see exchange as primary. No use accounting if you cannot facilitate exchange (that is: trade).
- ArkyBeagle 11y agoIt's a dualism - you can't have one without the other.