IDEAS FOR DEBATE:
ELEMENTARY MONETARY CONCEPTS AND IDEAS
PART 2: MONEY IS NOT A MEDIUM OF EXCHANGE

Jens Martignoni

Chief editor IJCCR

ABSTRACT
In this second part on fundamental monetary concepts and ideas, the idea of money as a “medium of exchange”, which is still strongly rooted in the complementary currency scene, is questioned. This idea and the definition of money from monetary functions are not tenable and must be questioned and replaced by better concepts if a real change in the monetary system is to succeed.

KEYWORDS
Monetary theory, functions of money, purpose, means of payment.

 

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To cite this article:
Martignoni (2023) ‘Ideas for debate. Elementary monetary concepts and ideas. Part 2: Money is not a
medium of exchange’ INTERNATIONAL JOURNAL OF COMMUNITY CURRENCY RESEARCH – VOLUME 27 (2023); http://www.ijccr.net; ISSN 1325-9547; DOI – http://dx.doi.org/10.15133/j.ijccr.2023-005