Talk:Money

Note: expand the section on Electronic money into a standalone page and let it link to Bitcoin, among other examples. Pestergaines 14:54, 16 November 2010 (CST)

Stats on the fate of monies
Been looking for a while for some statistics on currencies, and finally found something that was not the quote of a quote of a quote with the source nowhere in sight. It came from a quirky page by the name of DollarDaze.org, see here. I didn't check the numbers and don't know how trustworthy is the page otherwise, but at least their data is laid out for everyone to see and check. And that's quite something in the depths of Internet. As always, exercise due caution. Pestergaines 03:03, 17 August 2011 (MSD)

Money examples
For something completely different, see here - a laundry detergent (Tide, source) is being used as an alternative currency in the more alternative parts of the society. Pestergaines 19:13, 22 March 2012 (MSK)

Altruism
"Money is a formal token of delayed reciprocal altruism." - Richard Dawkins, The Selfish Gene.

Well that's certainly an interesting perspective. Nathan Larson (talk) 11:16, 12 December 2013 (MSK)

Altruism
"Money is a formal token of delayed reciprocal altruism." — Richard Dawkins, The Selfish Gene.

Well that's certainly an interesting perspective. Nathan Larson (talk) 11:17, 12 December 2013 (MSK)

TMS
Any plans to talk about TMS1 v. TMS2 v. AMS v. M' v. all the other non-Austrian definitions of money? Smith (talk) 05:40, 27 October 2014 (EDT)


 * We have pages on TMS and the money supply, but yeah, a little expansion wouldn't hurt! Feel free to add a paragraph or a few about the money supply and its various measures. You can make the plan. :) Pestergaines (talk) 14:16, 27 October 2014 (EDT)


 * Cool, thanks :). Smith (talk) 12:39, 29 October 2014 (EDT)

Some addition thoughts about what might be good to add or correct...

Argh, I'm doing the citations incorrectly, but this needs to be in here, so consider it a first edit of sorts.

Ideally, each category should be written more formulaically (demand deposits +base currency+etc.) to make this section look _really_ nice. I tried to this this following Pollaro's article:

http://blogs.forbes.com/michaelpollaro/money-supply-metrics-the-austrian-take/2/

(incidentally, someone might want to doublecheck that I got all the components correct at some point in the future)

Furthermore, I included a video as a citation, I do remember than Ed Griffin does explain explicitly at a certain point how the Federal Reserve's depository system for lending institutions works, and it really is just by keeping a digital account rather than printing the money. It only gets to the stage of physically printing the money when the bank issues such a request to the Federal Reserve. However, I forget at what point in the video it is said. So, either that time should be added to citation--or, even better--a citation to the page in Mr. Griffin's book should be added (I unfortunately do not have the book with me at the moment).

Also, it might be a good idea to change the TMS page since I added some of this stuff as well.

As a side note, M2 doesn't include large denomination certificates of deposits? That's..._really_ fishy...

Moreover, maybe at some point in the future the whole controversy involving M3 and its removal by the FED could be put in.

Those are my thoughts for future additions.

Unless I am reading the definition of M' incorrectly, then there should be an additional debate regarding reserves as an addition in the money supply.

Smith (talk) 12:39, 29 October 2014 (EDT)


 * Crud. I just realized there's already a page for this, Money supply -_- Smith (talk) 04:05, 30 October 2014 (EDT)


 * Yep. Although some repetition is okay, to introduce concepts and so on. :) Pestergaines (talk) 15:41, 30 October 2014 (EDT)

Alright, doublechecked the articles. The only question I have now is--I understand now--more of a primary research one: are excess reserves included in TMS1/M'? Otherwise, this might want to get reincorporated into the TMS article or Money supply article... Smith (talk) 21:37, 22 November 2014 (EST)


 * That whole section needs to be included in the TMS article, which needs to be reworked anyway. Frankly I'm not sure where excess reserves should be included, they might even be part of M. Pestergaines (talk) 04:55, 23 November 2014 (EST)


 * After looking at the metrics again, I am sure that TMS1 and TMS2 do include excess reserves. I do not know if they are included under M prime though (and, in fact, looking further, I'm not sure if Shedlock discontinued calculating M prime).  I have found some other places where more "amateur" Austrians are asking whether excess reserves should be included, but it seems to be a more unofficial discussion at the moment.
 * Either way, here's what I was thinking: Money links to Money Supply which links to TMS.  So, I made it include the more specific information the deeper down you go.  Money supply includes just the link to TMS and the other governmental metrics, and TMS includes the debates and the three further specific definitions.  Smith (talk) 06:41, 23 November 2014 (EST)

Double Coincidence
I understand the common term "coincidence of wants". It is when two wants happen at the same time.

But what wants is it that is doubled in the "double" coincidence? Or is it an incorrect usage? Smeen Groothie (talk) 20:01, 20 March 2017 (EDT)


 * It is the same thing, specifying that it is two 'wants' that must coincide. See WP page, looks like some economists prefer this rather than 'coincidence of wants'. Feel free to create a page about it! Pestergaines (talk) 04:23, 21 March 2017 (EDT)