 "[there is] no clear distinction between money and non-money ... although we usually assume there is a sharp line of distinction between what is money and what is not -- and the law generally tries to make such a distinction -- so far as the causal effects of monetary events are concerned, there is no such clear difference. What we find is rather a continuum in which objects of various degrees of liquidity, or with values which can fluctuate independently of each other, shade into each other in the degree to which they function as money."
Friedrich A. Von Hayek
"The Denationalization of Money", p. 47, quoted in "The Sovereign Individual", page 198
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