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The Way of Coherence · 99w

“Thus, clearly, money and goods are not the same thing but are, on the contrary, exactly opposite things. Most confusion in economic thinking arises from failure to recognize this fact. Goods are we...

kongreif @kongreif 1718250448

If money is a claim on wealth which you don't have. How can it be a debt. Isn't debt a claim someone else has against you?
Sorry if I miss your point.

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The Way of Coherence · 99w

Hi kongreif, I try to break down professor Quigley's quote and more in the blog. If I succeeded.. you can be the judge :)

Guy Swann · 99w

I think it works as an analogy, but the term isn’t broadly appropriate because the money itself holds the value being exchanged. So despite it behaving like one because it doesn’t have direct utility, it also doesn’t have any specific counterparty risk and is a liability for no specific indivi...