What is "money" today ?
Posted: Thu Aug 06, 2015 1:44 pm
From Marc Gauvin, author of "The PsyOp of money".On the basis of deductive logic we can prove that the notion that money is value is a gross misrepresentation of empirical fact and that it's only true function is to record value which in turn requires the Stable Currency Unit Theorem to be meticulously adhered to.
http://bibocurrency.com/index.php/full-intro-2#SCUT
We will soon prove that money is either not understood by the highest authorities or it is being deliberately misrepresented.
Note the quote of the present President of the Minnesota Federal Reserve Narayana R. Kocherlakota first and foremost a mathematician and secondly then economist in his 1998 paper The Technological Role of Money:
https://www.minneapolisfed.org/research/qr/qr2231.pdf
"My argument demonstrates the vacuity of the three
standard explanations of the role of fiat money in an economy: money acts as a store of value, a medium of exchange and a unit of account"
This paper proves that money is only a memory record, what it doesn't do is to link the sine-qua-non requirement for stable measure for that "memory" function to be valid and that is only possible via the Stable Currency Unit Theorem.
