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| (...) Does that include the time between the purchase of the money order and its cashing? During that time it seems that there is $10 more in circulation--not actual, minted coinage, but legal tender nonetheless. Dave! Still talking to himself. (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
| | | | | Re: All The Money In The World
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| (...) Sure - The money is just changing forms. Think of it as making change. SRC Who is attempting to make a living doing basically that. :-) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
| | | | | Re: All The Money In The World
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| (...) Yes it includes the time, but that money order you've got in your hand is simply "valued at" property. The money order itself is not actual money. One might say, however that you've increased the amount of VALUE in the town temporarily, but (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
| | | | | Re: All The Money In The World
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| (...) your (...) Isn't this an illustration of the money multiplier effect? The most liquid instruments, M1, which include cash, checks, money orders, etc., have the highest "multiplier" because they circulate faster, increasing the value of money (...) (24 years ago, 21-Dec-00, to lugnet.off-topic.fun)
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