This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … generally. To put it the way that economists usually do, money "lubricates" the market mechanism - a good thing, because the … chance. The paper advances an alternative framing for money and shows how it can be used to reshape discussion. The paper …

This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … more generally. To put it the way that economists usually do, money “lubricates” the market mechanism — a good thing … and so have no chance. The paper advances an alternative framing for money and shows how it can be used to reshape …

.e. they are not substitutes of money. When budget constraints take into account the realization problem associated with the …

The common narrative about Jean-Baptiste Say's treatment of money holdings is that he denied the possibility of …, money was only a medium of exchange. In reality, not only did Say analyze long-term and short-term hoarding, but more … generally, Say did envisage that money could serve as a store of value. In particular, three motives could lead individuals to …