Juice
Juice
Aug 24, 2017 · 1 min read

I also meant to mention it is about the international comparison and economy more so than simply just each domestic view:

The value of effective transferable utility is obvious. However, as far as contemporaneous transactions within the ‘walls’ of a domestic economy are concerned, the transferability of values can be eased equally well by ideal and non-ideal money. But when it comes to inter-temporal, long-term transactions, e.g. mortgages, the difference between ideal money and typical European currencies would be somewhat intense, if not dramatic.

https://www.yanisvaroufakis.eu/2015/06/02/in-conversation-with-john-nash-jnr-on-ideal-money/

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