what is money?


in the absence of a technical definition, money is often presented in more sophisticated terms as "legal tender", a "medium of exchange", or "currency"

money is nothing more than accounting

when someone owns $5, theyve most likely earned a revenue from another person who simultaneously had an expense—an activity known among accountants as double-entry bookkeeping, and an event known among physicists as a conserved quantity

money enables members of the public to define their property in terms of numbers, then bookkeep when buyers and sellers agree to swap ownership coordinates after their indifference to such propertys value is measured

encouraging trade through the use of numbers is more efficient for an individual than maintaining a chart of all the combinations of goods and services where the free market measures an indifference

furthermore, enabling producers and consumers to record delivered value as a potential—so they have the choice to kineticize it at a later time, liberates producers from having to consume something at the time of trade, and likewise, consumers from producing a good or service—in return—at the time of trade

in short, money helps people measure the value of their private property in terms of numbers, then allows them to bookkeep who is owed value after delivering it others

systemaccounting protects an economy by banishing the charlatans dictionary from economics through the enforcement of a law of conservation of information across a money supply

as a scientific definition of money is maintained across transactions to disambiguate delivered value from expected value*, words such as "banking", "credit creation" and "monetary policy" will undergo summary replacement by private lending, credit earning, and the scientific measure of the cost of capital


*note: receiving permission to include ones balance sheet as part of the money supply because they are a "government-chartered lending business" is absurd & unjust

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