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By , Jevons’s four functions of money were summarized in the couplet: One of these arguments is that the role of money as a medium of exchange is in conflict with its role as a store of value: The term “financial capital” is a more general and inclusive term for all liquid instruments, whether or not they are a uniformly recognized tender.
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Luke Stranahan Luke Stranahan is an engineer by trade and an armed patriot by inclination. He writes for Return of Kings as a leisure pursuit and an attempt to do his part to help reverse the slide into moral decrepitude of modern society. Follow him on Twitter.
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