Boston Basic Income #141: Functional Money

Boston Basic Income host Alex Howlett likes to say that you can't understand basic income without understanding money. He also likes to say that money "is what it does." To what extent can money be defined by its function? What is money's function in our economy? Alex will present and discuss his recent paper, "A Functional Approach to Money" in which he argues that the primary function of money is to serve as a shared pricing and payments standard.

https://www.greshm.org/files/a-functional-approach-to-money.pdf

Basic income is an evenly distributed stream of money going to the people. But how does basic income fit into the idea that money is a standard of value?

Previous related Boston Basic Income topics have included:

BBI #107: Quantity Theory of Money
https://youtu.be/tRm9UsEEpbc

BBI #131: Fiscal vs Monetary Policy
https://anchor.fm/bostonbasicincome/episodes/131--Fiscal-vs-Monetary-Policy-enn0kq

BBI #137: Modern Money
https://anchor.fm/bostonbasicincome/episodes/137--Modern-Money-eqdgc4

By default, audience cameras and microphones will remain disabled. To ask a question, type it in the Zoom chat.

If you'd like to ask your question aloud, also click the "Raise Hand" button on the "Participants" tab. The hosts will unmute you when it's your turn.

The discussion will be streamed live at this URL:
https://www.youtube.com/bostonbasicincome/live

It will also be available in podcast form in the following days:
https://anchor.fm/bostonbasicincome

Image from XKCD
(https://xkcd.com/927/)