Austrians, money must clearly evolve, and not be designed
"Money" as a concept was emergent and was not designed. However, specific implementation of a money can be designed and they are known as a "currency".
That is to say, Money is an abstract ideal. It is intangible and conceptual. But the specific tangible item you use as its representation is a currency.
Currencies logically must be designed since their goal is to make the intangible into tangible.
"Money" as a concept was emergent and was not designed. However, specific implementation of a money can be designed and they are known as a "currency".
That is to say, Money is an abstract ideal. It is intangible and conceptual. But the specific tangible item you use as its representation is a currency.
Currencies logically must be designed since their goal is to make the intangible into tangible.