Money Object

Three entries back in this blog the subject is "National Debt and Money Supply"

The pro and con positions got bogged down in a dispute about whether or not the Money Supply equaled the National Debt.

The problem was that money exists as a number in so many accounts in so many different places that if some of those accounts are not included then the computation will certainly result in a difference. The con position can then say that the premise is wrong (you fool). It does not add up.

If all dollars in the money supply are given a unique serialized identity they are then defined as a singular entity instance of the collective class of the object money.  Each uniquely serialized unit may be associated with a total aggregate of money expressed as a totalized number sum in some account.  However it is not necessary to go to each account in which the money may exist in order to get a total of all money in the money supply.  Go directly to the dollar units an count them, regardless of account.

The National Debt is an account.  It is the parent of child sub accounts.  Among all the child accounts they hold the total of the National Debt.  Create a comprehensive list of all the accounts and the total is the sum of the parts and debt equals money supply (or not).  Accounts are always changing as new ways are devised to slice and dice money into different accounts.  The supply of money is however fixed exactly to the dollar unit at any given time. 

Count each of the unique singular serialized dollars in the system and it equals the total dollars in the total account.  Call it the National Debt or call it the Money Supply.  It is the same.

Since money exists forever once it is brought into existence as a serialized unit, there is a child class of Money Supply called Money Suspended from Circulation (withdrawn from circulation and therefore, in that state, not having access to its own methods that money in circulation has) as well as a child class called Money in Circulation.  The state of money can determine what methods  and behaviors it has access to.

 A sub class of Money in Circulation might, in association with the account it is in, Money in Circulation, Foreign.  Money in Circulation could be sliced and diced to a number of sub-classes based on its relationship to other object like time and place.  Sub-classes are limited only by their information value.