as a medium of exchange in a laboratory implementation of Kiyotaki and Wright's search model of money. The theory admits … offer to trade the token object for more costly-to-store goods when the theory predicts they should make such trades …This article reports results from an experiment that examines whether an intrinsically worthless, "token" object serves …

Is money a producers' good or a capital good, or is it sui generus, as Mises, Rothbard, and other Austrians have …. Consequently, all goods are either consumers' goods or producers' goods; there is no third possibility. And that among these two … money is a producers' good, not a consumer good …