Max Hillebrand on Nostr: Money substitutes, such as banknotes or digital accounts, represent a claim to a ...
Money substitutes, such as banknotes or digital accounts, represent a claim to a definite amount of money. They function as “future goods” because their value depends on the promise of redemption. This contrasts with base money, which is a “present good” because it can be used immediately.
Published at
2025-02-23 11:53:27Event JSON
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