Free Market
Author:
George Ford Smith
Online Publish Date:
The Free Market 27, no. 11 (November 2009) Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser—a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it; that is, declining to