Did any Austrians discuss how theft-resistance increases something’s moneyness? Is it a distinct characteristic or is it encompassed by portability? Durability?
Did any Austrians discuss how theft-resistance increases something’s moneyness? Is it a distinct characteristic or is it encompassed by portability? Durability?
Not sure about that. I’d probably count it in portability, as “theft resistance” allows you to transport money more easily over space and time. Side note, The 7th Property is all about “censorship resistance” as a new property of money.
