Money, Banking and Finance 02
We manage the lifecycle not only physically but also economically. Sometimes in economic life we are in the long position of the General purchasing force of Money, while other times in the short of the “ preferred liquidity .” Again, money as legal tender (U ∙ m) is a “unanimously current” means to the end of demanding for products (M ∙ U). “Everywhere except for in Cambridge,” “the only raison d'être of money is in facilitation of trade”; while trade is no more consumption than productions is consumption. In the middle of the road, “Money is useless until a Time for Us to sing Con Te Partirò .” Now the real question: How for us to bridge between the short of money and the long of money? Whatever it might be named took a long run in classical times and a medium run in modern times; but it takes at present as short a run ...