Money introduces the temporal element into all market transactions. It is in fact not the case that market transactions which employ money eradicate the consideration of all obligations. By introducing money, which, on its face is merely a token of value, albeit a highly liquid token, we introduce an element of duration into the transaction, not unlike the duration implicit in every gift exchange. Money transactions in the marketplace also occur in two steps.
The difference is with gift exchange the party who acquired the gift needs to act whereas with market exchange the party who bequeathed the gift is entitled to act. Hence, in a hoarding society the recipients of gifts do not feel the duty both to reciprocate and to pass the gifts along. In a licentious society the givers of the gifts do not redeem their entitlement for income; they redeem their entitlement for a claim on the assets of the recipients of the gifts.
Politics governs that interface between income and assets by managing the implementation of creative capital.
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