Aug 23, 2017 · 1 min read
Interesting, but I have two questions: Does the notion of “ideal” money imply that it rectifies some or all shortcomings of regular money when it comes to real-life untility? Or, what is the point of having ideal money?
My other question is, as far as I have seen in your article, you don’t account for increased utility of products over time through technologial progress. Wouldn’t the fact that, say, computers get cheaper and more powerful over time (hence more utility) kinda rule out the possibility of a constant metric of value to begin with? Or are these considerations external to the model you presented?