Tag Archives: Alastair Berg

Anonymous Money is Fungible Money

By | August 23, 2018

Courtesy of Alastair Berg[1] Fungibility is a key characteristic of money.  This has long been taught to students in high school and university economics courses. A rational individual should be indifferent to exchanging one note or coin with another of equal nominal value, provided of course there are no transaction costs. some degree this characteristic… Read More »