Reply To: Money


“If money does not have some value as a consumer or producer good, why would it hold any value at all?”

With this insightful question, you are on the verge of discovering Mises’ regression theorem.

bbinder states:
“I understand your explanation regarding money and it not being either a consumer good or a producer good, but why cannot the accumulation or savings of a specific amount of money be an end? If I wanted to save $25,000, then why is money not considered a consumer good, since it is necessary to satisfy my end?”

Presumably you are saving money to use it at some point in the future. Of course, I have to admit the possibility of saving just to save. Generally though, I don’t think that needs to be given much attention to.