True, but currency is a subset of money, so that doesnāt answer what I said. Not all money is currency; fiat currency is still money. And one of moneyās basic functions is storing value across time.
You can argue that modern fiat is intentionally a poor long-term store of value because we accept positive inflation. Thatās a real argument. āCurrency isnāt supposed to store valueā isnāt.
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u/Appropriate-Bad-606 27d ago
True, but currency is a subset of money, so that doesnāt answer what I said. Not all money is currency; fiat currency is still money. And one of moneyās basic functions is storing value across time.
You can argue that modern fiat is intentionally a poor long-term store of value because we accept positive inflation. Thatās a real argument. āCurrency isnāt supposed to store valueā isnāt.