Credit, Monetary Policy, Depressions, and More!

[SadisticNature]

If money *was* a store of wealth, then there could be no such thing as a mutually beneficial trade. All free trade would be neutral at best as the amounts of wealth exchanged would at best be the same (as only a fool would knowingly pay more wealth for something than he received).

Agree with all of your post up until here. Mutually beneficial trade can exist through exchange of equal amounts of wealth. Trading wealth in the form of money for raw materials to do work can be useful for both the producer of raw materials and the manufacturer. The manufacturer reduces their store of wealth to acquire the capacity to do valuable work, while the miner sells their end products increasing their store of wealth. This can easily be mutually beneficial trade under an idea of money as a store of wealth.

[DuncanONeil]

In the short term maybe. But it is not a true transfer of wealth. The raw material of the miner has more value than it state as ore.

Agree with all of your post up until here. Mutually beneficial trade can exist through exchange of equal amounts of wealth. Trading wealth in the form of money for raw materials to do work can be useful for both the producer of raw materials and the manufacturer. The manufacturer reduces their store of wealth to acquire the capacity to do valuable work, while the miner sells their end products increasing their store of wealth. This can easily be mutually beneficial trade under an idea of money as a store of wealth.