"the standardization of the value of the international money unit, would remove, where it would be used, the political roles of the "grand pardoners", the state authorities that can forgive the debts" John F Nash Jr., Ideal Money, 2002 https://t.co/ReaaxKqZDu

"Thus, for example, were the “basket” of goods forming the index composed ONLY of the single item of gold, Element 79, then the rule would be for the gold price to be, in an average sense, constant." John F Nash Jr., Ideal Money, 2010 https://t.co/pjQ9GcByil

"Then, if a sort of "central bank" or "currency board" or "treasury" were issuing a form of currency related to this normative index, that the proper duty... IN THE LONG TERM that the index of costs should be asymptotically constant..." John F Nash Jr. https://t.co/pjQ9GcByil

"we can see how the "quality" of a money standard can strongly influence areas of the economy involving financing with longer-term credits" John F Nash Jr., Ideal Money, 2002 https://t.co/e8OK0w0Qxz

"And thus to pretend to be a state with high quality money a state would need to choose a comparatively lower value for its inflation rate target." John F Nash Jr., Ideal Money & Asymptotically Ideal Money, 2002 https://t.co/ReaaxKqZDu

"The evolving recognition of the fact that the “users” of a currency become like players in a game and have optional strategies...leads to the recognition that the tasks of central planners...are not as simple as if they had only to herd flocks of sheep." https://t.co/cY3ntMj5XG

"Thus second order index comparisons become possible where the authorities in a state would look not only at domestic prices but also at international value comparisons." John F Nash Jr., Ideal Money, 2002 https://t.co/ReaaxKqZDu

(Of course it is well known that in general the psychological reaction...in relation to alternative prospects involving his or her receipt of money...with elements of uncertainty linked with probabilities, tends to be NON-LINEAR...) John F Nash Jr., 2003

"a practical global money might most favorably evolve through the development first of a few regional currencies of truly good quality. And then the “integration” or “coordination” of those into a global currency would become just a technical problem." https://t.co/5SQG3QNO5V

Although money itself is merely an artifact of practical usefulness in human societies and/or civilizations, there are some traditional or popular views associating money with sin or immorality or unethical or unjust behavior. John F Nash Jr., 2008 https://t.co/cY3ntMj5XG

“Thus the “users”, like the managers, can be viewed as players in interactive games. In particular, with this perspective, it is natural to think of the users as having “expectations” in relation to the future value of the domestic currency” https://t.co/5SQG3QNO5V

"This index could be constructed by computing a moving average of the index for the base metals computed by pricing them modulo the index of the precious metals" John F Nash Jr., Ideal Money, 2002 https://t.co/8TM9xUDtC4

"when it comes to inter-temporal, long-term transactions, e.g. mortgages, the difference between ideal money and typical European currencies would be somewhat intense, if not dramatic." John F Nash Jr., 2000 [with Yanis Varoufakis, on Ideal Money] https://t.co/Bcy4TUrt26

“Thus "good money" will not naturally supplant and replace "bad money" by a simple Darwinian superiority of competitive species. Rather than that, it must be that the good things are established by the voluntary choice of human agencies." Ideal Money https://t.co/e8OK0w0Qxz

And what I want to suggest is that "the public" or the users, those for whom a medium of exchange functions as a basic utility, may develop opinions that are critical of currencies of lower "value quality". John F Nash Jr., Ideal Money, 2003 https://t.co/XnR6PtovsA

"So we argue that if the possibility of "conservative investments" is made easy or easier that this will favor the re-investment processes that will favor comparative economic advancement." John F Nash Jr., Ideal Money & Asymptotically Ideal Money, 2008

"M. Friedman acquired fame through teaching the linkage between the supply of money and, effectively, its value...as if a teacher who re-taught to American economists the classical concept of the “law of supply and demand”.." John Nash, Ideal Money, 2008

The ultimately launched concept of "Ideal Money" became possible when I conceived of a practical basis for a standardization of the comparison of the value of the currency with an appropriate standard or ideal. John F Nash Jr., Asymptotically Ideal Money

"With the "euro" currency established now Rome and Paris are no longer able to play the same roles as "pardoners" as they have in the past. National "pardoners" will be ineffective, within the area of the "euro", unless they secede from the eurocurrency" https://t.co/ReaaxKqZDu

A good alliance can be reduced to an absurdity by becoming too broadly inclusive. But a global money standard could have a value similar to that of standard measures such as those of the "metric system". John F Nash Jr., Ideal Money, 2002 https://t.co/ReaaxKqZDu

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