The Misunderstood Dynamics Of Negative Yields
I submit to you that there is a difference between “money” and “currency.”
What is the purpose of currency? Currency is the medium by which an economy can transmit economic value between its agents and standardize the exchange of unlike items; that is, currency establishes a system that improves upon barter economics.
In its truest sense, currency is a voucher of retained economic productivity. When a person does labor that brings economic value, or transfers items of economic value, the currency they receive serves as “verification” economic contributions have been accumulated or transferred to another party.
In a barter society I till your farm for you, you provide a cottage on your land for me; my family harvests wheat and swaps it