It solves for time and place. People save money because they know they will need something in the future, but they have goods to trade today. Or because they will have to sell goods of low value repeatedly before they get enough together to purchase something of high value.
They need some interim battery to "park" their economic battery.
"economic energy*
YES. It is a storage technology.
Storage is a solution for an inefficiency in the system. A completely efficient system would continuously flow without friction or delays.
Entrepreneurs are people who remove some inefficiency from a market at some particular point in time or place, allowing the market to be more-effcient and thereby reducing the amount of money required for the transaction. Their reward is to keep some portion of the money they removed. Because it is less money than the total, everyone involved in the system gets to keep more money, that they can then spend alleviating the inefficiency in some other part of the system. Making everyone involved better off.
Inefficiency in so much as we live in our reality and not a hypothetical system.
In a hypothetical, completely efficient farming system for instance, whenever crops needed water, it would rain. Like a closed-loop terrarium.
That doesn’t exist, and so water is stored for irrigation.
Time preference being ever-changing and highly dynamic.
Time is Money
Yes. We live in reality and there are no perfectly efficient systems here. So, we have water towers and money.
The mistake is in thinking that the water tower is an essential part of the watering system. This is an important distinction to make because the goal should be reducing the reliance on the tower by increasing the efficiency of the irrigation system.
Same way we shouldn't fall so in love with a money that we think we need it to interact or that conducting a trade so efficiently that we don't need money is some sort of irrational or immoral act. It should be a goal. Anytime we fall back to money, we are seeing a point of inefficiency that we could try to solve.
