Talk:Medium of exchange

message: Thank you for defining this very clear concept that helped us to define what barter is. Olivierchaussavoine 19:57, 27 December 2006 (UTC)
thread_title: In relation to barter

message: A medium of exchange must retain it´s value over time, therefore it must have memory.
Most exchange mechanism models (if any), do not take memory into consideration.
I´ll make the addition to the list.  (Fractalhints (talk) 16:17, 3 January 2010 (UTC)
thread_title: Time

message: I very much disagree with the second paragraph under "From barter to exchange".  Banking need not depend upon the existence of "worthless currency".  Banking can certainly function in a "gold coin" only society.  I also disagree with the statement that banking must be backed by the state.  Early U.S. banks were private entities.
147.177.36.73 (talk) 19:45, 12 March 2010 (UTC)
thread_title:  Banks & Medium of Exchange 

message: The assertion that fiat money "creates one of the worst frauds against humanity and is the root cause of the continuum of economic crises" does not appear to be neutral in position.  For example, I doubt that a Marxist would agree.  If the assertion were something like "according to X, fiat money is ...", then there wouldn't be a problem.  In other words, I'm not disputing that this point of view belongs in the article, I'm simply disputing that this point of view should be stated as fact. Nmj4 (talk) 16:33, 30 December 2010 (UTC)
replies: text: I've tried to improve some of the language in the disputed section (correct me if I misunderstood something).  I also tried to address the POV problem by introducing the disputed claim as one possible alternative, and then offering a reference to an alternate interpretation. Nmj4 (talk) 16:39, 22 January 2011 (UTC)
replies: text: It's been a month, and not enough people seem to be interested for this dispute to qualify as a discussion.  I'm removing the POV tag. Nmj4 (talk) 16:00, 30 January 2011 (UTC)
thread_title:  NPOV dispute - Definition 

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thread_title:  External links modified 

message: I check pages listed in :Category:Pages with incorrect ref formatting to try to fix reference errors. One of the things I do is look for content for orphaned references in wikilinked articles. I have found content for some of :Medium of exchange's orphans, the problem is that I found more than one version. I can't determine which (if any) is correct for this article, so I am asking for a sentient editor to look it over and copy the correct ref content into this article.
Reference named "mankiw":
From Standard of deferred payment: 
From Money: 
From Fiat money: 
I apologize if any of the above are effectively identical; I am just a simple computer program, so I can't determine whether minor differences are significant or not. AnomieBOT⚡ 23:36, 3 September 2018 (UTC)
replies: text: thanks Anomie Jonpatterns (talk) 09:15, 4 September 2018 (UTC)
thread_title:  Orphaned references in [[:Medium of exchange]] 

message: This whole section should be removed as tangential
I have covered the important points in a new section explaining just how the medium of exchange works
Most of this section is turgid text and neoliberal ideology, which I have marked as dubious. E.g.
"Fiat currencies' most important and essential function is to provide a 'measure of value'" - Who's to say what is the 'most important' function. Why does this even need saying on the medium of exchange page?
"It should have constant intrinsic value" - The dollar does perfectly well with no intrinsic value.
"Gold was long popular as a medium of exchange" - This is a goldbug assertion. Gold was never as popular a medium as silver, cowry shells, bills of exchange. Gold has been minted into many coins, but its use as a medium of exchange was only really introduced as a result the great (silver) bullion famine, and even then only for high value items and international trade. 
"[Gold] had a constant value" - This is only possible to assert under the gold standard when the price was mandated by law and constant therefore by definition. It is not because of any chemical properties of gold that its value is constant.
The rest of the section is just irrelevant.
Matslats (talk) 17:21, 10 March 2019 (UTC)
replies: text: I agree this section is poor. Jonpatterns (talk) 20:51, 3 September 2018 (UTC)
thread_title:  Medium of Exchange and Measure of Value not good enough 

message: I disagreed with the new lede saying:
A medium of exchange is anything which is exchanged with one party for what one has, and and with another party for what one wants.
This misses the point and would mean anything that could be bartered would have the function of medium of exchange. The critical thing about the function of medium of exchange it that it is widely accepted - thus it can act as an intermediary.
See https://www.investopedia.com/terms/m/mediumofexchange.asp
I've rewrote the lede to emphasize that medium of exchange comes from considering the functions of money. Jonpatterns (talk) 20:51, 3 September 2018 (UTC)
thread_title: Lede

message: Medium of exchange 49.149.110.170 (talk) 13:06, 22 March 2023 (UTC)
thread_title:  Arpan