Ideas for Debate: Elementary monetary concepts and storylines. Part 2: Money is not a medium of exchange

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.