The Support of Money in the Science of Economics: the Formation of a Public Source of Money (Debt to the Public Source of Money, as a Support of Money), Explanation of Money and Credit (the New Theory of Credit Gold)
Money is not gold. But it plays the role of gold well (store of value). With this approach, economic actors face two types of money (assets and debts) in the exchange process.1- The first type of money: property: is caused by the operation of economic factors in the process of the market system. As a result, money acts as an asset, because the ownership of this type of money is private. 2- The second type of money: debt (credit): This money is obtained from the public source in the form of a loan contract. As a result, it acts as a debt. Because ownership of this type of money is public. As a result, with this approach, the central bank's gold and currencies give way to the public source of money. In other words, the support of money in economics is a debt to the public source of money. Of course, the public source of money, in addition to being the support of money in economics, also has the following roles:1- Means of storing value over time (preservation of value) 2- Optimum rule of automatic monetary policy 3- Means of money ownership rights over time 4- Obtaining monetary unit from the formation of a public source of money 5- Obtaining a suitable currency regime for all countries in International trade: common currency among all countries
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