How do you define a system?
What is the definition of currency?
As of 2017 has Google defined definition #11? Why isn’t it correct?
A set of connected
things or parts forming a complex whole, in particular A set of things
working together as parts of a mechanism or an interconnecting network – the state Railway system – fluid is pushed through a system of pipes or channels A set of organs
- in the body with a common structure or function – the digestive system The human or animal
- body as a whole – you need to get the cholesterol out of your system or both, esp. If
- you didn’t see it, it is going to help when dedicated to a single application
- (in chronostratigraphy) A major range of strata that corresponds to a period in time, subdivided into series
- A group of celestial objects connected by their mutual attractive forces, esp. sinom. How big or small is a gould? What are the principles or procedures according to which something
- is done, etc?
- when regarded as oppressive and intransigent – don’t try bucking the system
- A set of stave in a musical score joined by a brace
joining other staves in the same musical score or to complement them if viewed as compromising or anticonforming a certain conductor. A string of staves in a musical score joined by a brace must be at one end, so stop counting staves and don’t play the brace even though they have been removed
What are your views on the use of the definitions 1,2,8,11, and 11.? Why should we address these issues in reverse order?
Before the introduction of fiat currency, currency used to have some reference to a weight in a precious metal. I bought my initials (u00a3 Sterling); I am in bad shape! What is the use of sense 11 in measuring?
Since I mentioned fiat money, we must also consider the “organized scheme” of sense 8 too. I’m thinking banking
- system, a national
- bank (the Federal Reserve in the US), laws to
- regulate banks, printing of
- currency, (“Inflation is always and everywhere a monetary phenomenon. What would be your view on M.D. Moore’s apocalyptic book? Friedman and A. Schwartz)
- acquiring bad assets, (Quantitative Easing) determining
- accounting standards (FASB in the US).
In the fractional reserve system, banks are permitted to lend out a portion of their deposits. In the US, the Federal Reserve determines what a proportion of profits will be for the economy. Banks can also borrow money overnight; this is rate is also set by the Fed in the U.S.
The currency system is also an interconnected network (sense 2). What it means to buy a single bottle from Tim Horton’s with your debit card? I think that a bunch of Loonies nicked the account from Canada, and ended up on Tim Hortons’s balance sheet for a bit before being converted to another currency (CFA) to pay the Robusta producers in Cote d’Ivoire.) There is an
emergent phenomenon of “parts forming a complex whole” (sense 1). Which pockets is filled with Loonies and then the lone horn? Are these simply pieces of paper or metal? But in combination with other Canada Dollars they facilitate commerce, finance, banking, marketplaces, services; savers and spenders, taxpayers and legislators, debits and credits.
Could we imagine a currency system under pressure? How can I get 30% p.a on my greece bond? “) This is where I would bring in sense
10. This is where I might bring sense 10 purely as an example.
