Money isn't primarily "medium of exchange" because in the modern system it mostly "redeems" production into final consumption or in the direction of final consumption.
Nor is it "store of value" but may be used to purchase stores of value in the form of durable goods or securities that contract for future income. Cash- on-hand is kept not for store of value but as "working capital" for day-to-day operations and consumption. It is therefore more in the nature of "reserves" between paychecks and sales receipts akin to the concept of insurance. Nor is it "warehouse receipts" for goods already produced and existing, but in generalized contract for *future* performance no matter how soon that future might occur. ____________________________________________________________ Get advanced SPAM filtering on Webmail or POP Mail ... Get Lycos Mail! http://login.mail.lycos.com/r/referral?aid=27005 --^---------------------------------------------------------------- This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html --^----------------------------------------------------------------
