Something surprising about money is that it has different qualities depending on its quantity and medium or storage.
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Replying to @nouswaves
Non-intuitive for me, maybe obvious for those that are from finance, etc.
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Replying to @nouswaves
*Obviously* cash is "liquid" but try using it to pay for something very expensive that requires credit checks and paper trails.
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Replying to @nouswaves
And clearly cards are useful because they're widely accepted for small and large purchases. But the bank now has a liquidity on-off switch.
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Replying to @nouswaves
That high utility item can become a low utility item at somebody else's command.
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Replying to @nouswaves
When people normally think about this they normally think about sacrificing liquidity for (hopefully) high-yield investments, etc.
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Replying to @nouswaves
There are also transactions which require money *and* a status check (instead of a credit-check.) e.g. entering a night club.
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Replying to @nouswaves
So from that there are now institutions that imbue money with status: amex centurion card, various luxury high-flyer memberships, etc.
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The goal of this line of thought is to stop generalising money and to find ways of storing money that imbue it with utilities useful to you.
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