(OPE-L) On the mango theory of money

From: Gerald A. Levy (Gerald_A_Levy@MSN.COM)
Date: Mon May 24 2004 - 07:50:40 EDT

1) Put some "mango-money" in your back pack.

2) A month later, open your back pack and
   remove the "mango money".

Oops.  Where is the "mango-money"?  Is it
that squishy stuff  (without value) at the bottom of
the back pack or is it that stain?

Now, had one put a 'silver' dollar or a Federal Reserve
Note in one's back pack then -- in the ordinary
course of events -- one could open the back pack
after a month and still find the money that one put in
it and be able to then use it as money.

Money must serve as a store of value.  Unless it
can store value it can not be held for future purchases.
Nor can it serve as an instrument of hoarding.

In solidarity, Jerry

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