Re:Tech layoffs more than double in Bay Area
by bogomipz on Friday May 13, 2016 @09:25AM
(#11690243)
Money is a store of value, nothing more. It could be gold, a piece of paper, a coin, an apple, it doesn't matter. It does not represent time and labor. It could be equated with time and labor but that is not what defines money. I think you may have a fundamental misunderstanding.
[ Parent
| on HN ]
Money is a store of value, nothing more.
Not quite:
"Money's a matter of functions four,
A Medium, a Measure, a Standard, a Store"
Re:Tech layoffs more than double in Bay Area
by bogomipz on Friday May 13, 2016 @12:30PM
(#11691337)
Well I think a medium and a measure are implicit in a store, otherwise you couldn't store them. A standard can be rather loose, when people were using wampum, beaver pelts or cowry shells as money those items weren't all of the exact same, size, shape or color but it was understood that they were a store of value.