A dollar's primary purpose is to serve as a medium of exchange for trading hours and expertise for cash, and it needs to be a store of value only for the very short time between receipt (paycheck) and expenditure (mortgage, food, travel, investing)—it serves this function splendidly.
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Speaker
Barry RolfsEvidence Quote
“it's a medium of exchange and it needs to be a store of value for the very short time between when I get paid and when I pay my mortgage or rent”
Source
Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It— Excess ReturnsCreated: 8/11/2026, 5:35:27 AM
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