Money Is Not Another Commodity

Money is not another commodity like bushels of grain or even gold, as mainstream macroeconomics still treats it; rather, it is a social institution.

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Comment from our editors:

The persistent mistreatment of money in mainstream economics is a key source of its blindness in terms of macroeconomic pitfalls, confirming the public's misconception of money and hence the state's solvency in the process.

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