Thursday, September 15, 2022

Queuetopia: Notes on Queues

If you had a group of people and a pile of treasure, and had to improvise a mechanism to distribute it, you might seize upon something like this. ‘We’ll sit in a circle. We will take turns. Each may choose one object from the pile. We’ll go round and round till there is nothing left.’ 


Then, thinking about it some more, you might add something like this. ‘Who gets to go first? We will seat ourselves and choose someone at random. And then, we’ll go round and round the circle, clockwise, until every last precious item is claimed.’


Real randomness is hard to come by. Cryptographers know this. Sometimes randomness is even sold, it’s so scarce. But good enough randomness is easy enough to generate. 


‘Who goes first? I’ll sing a song we all know, and with every beat I’ll point to one of you, until the final word of the song, when the person I’m pointing to will begin.’


In Duck Soup (1933) Chico Marx chants a counting-rhyme apparently of his own devising, ‘Rrringspot, vonza, twoza, zig-zag-zav, popti, vinaga, tin-lie, tav, harem, scarem, merchan, tarem, teir, tore.’


The circle is a kind of curved queue, where once you’ve been served at the front, you automatically rejoin again at the back.


What kind of legitimacy does it confer, being ‘there first’? Is there something in common between pushing to the front, and dispossessing indigenous peoples? 


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A line of people can serve as an economic mechanism. It can regulate the distribution of resources and/or tasks, and coordinate a milling throng into a system of meaningfully interacting agents. As an economic mechanism, however, queueing is somewhat incomplete: you’d really want know what is permitted at the front before you can assess its dynamics. 


Does the same thing happen to each person? For example, does each person draw close enough to the deceased queen that their respects can penetrate her lead-lined coffin? Does Ottessa Moshfegh sign her name in each person’s copy of Lapvona? For example, does a cardamom bun happen to each person?


Or do events at the front vary? When you are ‘processed’ (as queueing theory calls whatever happens at the front of the line), can you alter the conditions for the person behind you? By eating the last cardamom bun, for example? 


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A queue is, conspicuously, even smugly, a non-crowd. It is a rejection of the potential for collective agency. That is why liberals love it: it is the emergent order which insists on the lonely sovereignty of individuals, strung out like paper dollies.


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Queueing can serve as an economic mechanism. What if we were to think of queueing as money? Does it function as a ‘unit of account’? There is no unit, exactly, unless the queue itself be considered a unit. But there is a crude ordinal accounting going on, an ordering from first to last. These values adjust to reflect the evolution of the system. Furthermore, you do have something to lose if you leave the line, so perhaps there is something resembling a ‘store of value,’ the second touchstone of the textbook definition of money. It’s the last criterion — a ‘means of exchange’ — where the comparison really breaks down. Yet exchange sometimes occurs, in the sense that people do sometimes exchange places. And there are excitingly different opinions about the propriety of saving a spot in the queue, or briefly leaving and rejoining.


Ask yourself, just as an experiment in culture and psychology, how you feel about two people behind you in a queue swapping places. Is it any of your business? Does it feel different if they are ahead of you? Does it feel different if one is behind you and one ahead of you? Depending on what the processing rules are, either of the last two might have some bearing on what you encounter when you reach the front.


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The value of queue positionality is ordinal. It is tantalisingly ambiguous between the qualitative and the quantitative. 


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Cory Doctorow writes, “Who gets to do what and when at a themepark may sound like a trivial question, but I think it's a perfect little microcosm for the distributional problems that are at the heart of all political economy.”


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Imagine a queue that follows this rule: when you reach the front, you can set any processing condition you would like for the person behind you. That person must fulfil your processing condition or go to the back of the queue. If the entire queue cycles without anyone fulfilling the condition, the condition is nullified. 


This structure needs a good name.


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Do people queue in the UK more than in other countries?


I wouldn’t be surprised if it’s true. I have been trying to find some kind of league table on the internet, so I can confirm that UK is in the top ten queueiest countries, and be surprised and delighted at the quiet queuers, the countries that queue even more avidly but don’t pretend it is their national pasttime.


How is delay imagined, interpreted, instrumentalized?  


Perhaps what is more interesting is precisely how queueing is celebrated, and what is celebrated along with it. It is a mixture of faux self-deprecatory and self-deprecatory. Aren’t we silly, for being so well-behaved? We are pussycats, though ha ha ha, we’ll show our claws if our little rituals are disrupted! Luckily, these little rituals are also resonant with a deep and irresistible moral drive, just as using the correct cutlery keeps the cosmos from crumbling. That is, principled fairness and egalitarianism to the queue, and a sort of elegant commonsense efficiency. Of course this is all bollocks: the formal consistency of first-come-first-served is not worth dignifying as ‘fairness,’ as you would feel keenly if you were bleeding out in an ER waiting room without a system of triage. Queueing is so civilized, and who was it who civilized half the world?


‘The most British thing ever’ says the most British thing ever, The Guardian. The Guardian is perhaps the most Hobbesian of the British papers, in its unwavering insistence that any order, however arbitrary, is preferable to disorder, which can only be understood as a war of all against all.


Royal mourner: of course not in the sense that the mourners are royal. They are common. Ennobled, perhaps, by their grief and gaiety.


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Liberals (not in the American sense, although maybe that too) also love more complex emergent order: the price mechanism, supply and demand, the market. You could imagine a different kind queue, with more ambitious equillibria. You exchange information with the person in front and behind, perhaps you gradually adjust your positions until the queue is optimized. But this is anathema. Perhaps because it is too embedded in the interpersonal, the social? It is in the nature of the queue that you cannot shop around for queue buddies.


*


In Edward Bellamy’s Looking Backward, money is abolished in favor of a sort of system of coupons that directly links labor and consumption. The idea is to correlate what you contribute to society with what you are allowed to take out from the common wealth, while avoiding all that catastrophic usury and exploitation. It does turn out to be easier said than done, and Bellamy’s system has a somewhat ungainly feel. In Ursula K. Le Guin’s The Dispossessed, nobody cares if you take out more than you put in. Or more precisely, they do care, they care a lot, but the caring is the only mechanism that regulates what economists might call ‘free riders’ and the tabloid press might call ‘scroungers.’ Shame disincentivises such behaviors, but if you can endure the shame, there is no law against it.


You just go to the common storehouses and take what you need. If a lot of people arrive all at once, do they start a queue? A conversation? Both? Something else?


*


Why should a book about the end of money be interested in the internal quasi-currencies of game shows? Why should a book about the end of money care about alternative and complementary moneys, about Indigenous moneys, about the accounting practices of Net Zero transitions and the biometric practices of wellbeing interventions, about the speculative currencies of science fiction, and in the avant-garde financial experiments of artists and activists? Doesn’t all this imply more money, not less?


We can draw parallels both with police abolitionism and family abolitionism. Money abolition means unsettling our ideas of what money is in the first place. Money abolition must be understood not as subtracting something from society, but as multiplying and transforming relationships already latent in society. Just as abolishing the police must mean greater safety, not less, and abolishing the family must mean greater care, so abolishing money must mean more of whatever it is money is supposed, by its most fervent proponents, to be doing for us.


*


Making economic mechanisms work well often is framed as a matter of internalising the externalities. The producers do not naturally bear the cost of the carbon they emit, so a carbon tax must be applied to correct the market failure. But then . . . things get more complicated. These wisps of carbon are only so deadly because they join the vast clouds emitted by Western colonial powers since the nineteenth century. Can the externalities of the past be addressed in this way, by some kind of time travelling tax?


Anyway, the queue: the key is that some people won’t join at all. It looks too long. It elicits valuation. Wow, look at that queue! Let’s not bother. It isn’t worth it.


Queuing theory calls this balking.


*


When the beloved Queen Elizabeth lay in state, a great queue formed. It was predictable that many people would wish to pay their respects. A queue visible from space! Not really. But visible, through media devotion, across the country. 


London excels at processing thousands of people through boutique experiences, in intimate spaces, in batches of five or twenty or a hundred at a time. This is done via online booking. You get a slot. You get a QR code or something.


Of course a deliberate decision was made, instead, to eschew digital queueing. Instead allow people to wait in line for eight hours, twelve hours, twenty-four hours. Participate in the spectacle.


*


Queues and quasi-queues. Conveyor belts. Queuing at the lights. Traffic jams. Emergency Room, with or without triage. An instruction sent to a CPU. A bucket bridage. A line of succession. Snowpiercer.


A protest march is sort of a queue. But of course you can skip backwards and forwards, so not really.


Disneyland and abbatoirs both have insights in queue-space architecture.


*


The BBC has become MournHub.


The queue is queuetopia.


The Queen, lying in state. A queue visible across the country. Not joining a queue is part of how a queue operates: a queue invites valuation. This particular queue, there is really no way not to participate. You join, or you wish you could join, or you decide it’s not worth it, or you create hot take memes about the Queue Dystopia. 


If it were more convenient, probably fewer people would do it.


One Twitter user (Curious Iguana): I have no interest in seeing the queen! I just want to join the queue!


In terms of big crowd events, it’s not that big. If you did it at Wembley, the stands would look empty. If you did the Euro Cup Final that way, perhaps with spectators filing past a table football table, that would be a very long queue.


*


Queue abandonment. According to the classic Erlang-A model introduced by Palm (1943), each participant has a maximum time they are willing to wait. If they reach their max, they quit, no matter where they are in the queue. 


It is a deliberate simplification for analytic purposes, but can you imagine? How funny, all those internal timers pinging the queuers out at apparent random. My favorite would be the person who got to the very front just as their internal timer elapsed.


‘Can I help you sir?’


‘I’m not waiting any longer!’


That might be Curious Iguana, to be fair.


*


‘Queue’ sounds a bit like ‘queen.’ In fact, if you just heave the ‘n’ over the ‘e’ so it lands up-side-down, there it is. A queen is just a queue with a queue-jumping letter, or vice-versa.


*


In German, a queue is a ‘snake.’ 


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‘The British love to queue!’


The British also love to lambast the queue as a symbol of incompetent, lazy and corrupt public services.


So the celebration of queueing might be read as a characteristic centrist response to the right: yes, you are absolutely right about the way the world works, but you haven’t counted on one thing: some of us don’t mind


*


Instead of a market with supply and demand for two commodities, imagine two queues.


Each individual is constantly weighing the utility at the end of the queue against the disutility of joining the queue.


A longer queue may imply both a greater reward (what lies at the end must be more desirable) and a greater penalty (the wait is longer).


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Queue width. A queue can fatten, and turn effectively into a stack of small lateral queues. Or sometimes the internal organisation of the lateral units may be heterogenous: the five of us are behind the five of you, but when your unit reaches the front, you will use one method to order yourselves, and then we will use another. You will draw straws, we will fight to the death.


Consider that the queue for the toilets may actually be a ‘fat’ queue disguised as a ‘thin’ one. Each person is an assembly of two or three or four or five or more entities, each with its own principle for determining which will go first.


*


Following the passing of the monarch, as a mark of respect, a number of medical appointments have been postponed.


Do you still keep your place in the queue? Maybe not. It would be complicated to bump everyone along. 


*


Queueing is, supposedly, a very British thing. People in the UK are supposed more likely to form a queue, in situations where other nations would select some other resolution mechanism, such as an undignified scrum. Unless maybe there are just more things worth queueing for in the UK?


I am interested in queueing because I am interested in postcapitalism. 


I interested in all the everyday distributive mechanisms we already use that are non-capitalist or not-quite-capitalist. 


Everyday, or ‘queue-tidian’ life. 


Bread queues: a favorite image of anti-communist propaganda. Winston Churchill claimed in 1946 that ‘Socialism meant queueing,’ after the postwar Labour government rationed bread.


Deliberation is another such mechanism: talking about it. Who should have what? Who should do what?


Largesse is another. The king or queen, the warrior hero, the big man, dispensing treasure. You shall have this ring.


Game shows are another. Game shows distribute resources, resourcefully.


AI is another. Instead of two queues, imagine two neural networks.


Surely the British don’t love prefiguring postcapitalist distributive mechanisms?


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A very British thing. Or, occasionally, a very English thing. George Orwell writes about the orderly behavior of the English crowds, and how striking foreign observers might find it, in ‘The English People’ (1944).


But then, Britishness is so very quintessentially English, isn’t it?


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King Charles has been queueing for some time.


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George Mikes memorably describes the lone Englishman as an orderly queue of one in How to be an Alien (1946).


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Can there be a queue to join a queue? Maybe. There certainly can be queues to join a queue: for example, following the principle ‘one from this queue queue, then one from that queue queue.’


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Queues with a variety of transformative gates scattered along the way, so that who you are when you complete the queue is not who you were when you joined.


Is it ever?


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The historian Joe Moran proposes a more nuanced and mercurial construction of queueing and Britishness. ‘‘The notion of queues as the embodiment of fairness and equality has also existed alongside other discourses which have seen them as tedious, unfair, and inefficient. [...] The celebration of the orderly British queue began not in a more decorous time of courtesy and consideration in public place, but a period of national crisis.’ In the postwar years, as Labour built the welfare state, Tory quips associated long queues with drab egalitarianism, inefficiency and red tape. No one’s time could possibly be more valuable than anyone else’s. Labour were the party of the queue, Churchill once claimed, and the Conservatives, the party of the ladder. This trope would be adapted and reinforced throughout the Cold War era, to assert the inferiority of command economies and communism generally. A partly overlapping discourse associated queues with national decline. Long queues for post offices and banks during the economic turbulence of the 1970s brought back memories of wartime austerity. Satchi and Satchi’s famed ‘Britain isn’t working’ Conservative Party poster made political capital from the image of the dole queue. 



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A sense of queuemmunity. The legacy of queuelonialism.


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Social mobility is often figured, implicitly, as a queue. The myth runs: you are poor now, but if you wait long enough (working hard while you wait) your turn will come. 


‘I got mine’: as though yours always existed, was always waiting for you, just as you were waiting for it.


Age is often used as a euphemism for economic class. As though all young people were poor, all elders ‘comfortable’ or ‘well off.’


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I am tempted to join the big queue to see the queen. 


But I am in France. 


Sunday, September 4, 2022

Banking and Money in C19th American Anarchist and Libertarian Thought

Just another notes / quotes post.

Josiah Warren operated a very popular and successful 'Time Store' between 1827 and 1830, with other stores set up elsewhere later. As he describes in the Plan for the Cincinnati Labour for Labour Store:

All Labour is valued by the Time employed in it. Much might be said to show that, as Time is above all things most Valuable, that Time is the real and natural standard of value. But we will not now undertake to prove, that which upon reflection no one will undertake to deny. We will rather proceed to, give the arrangements which have been made to carry this principle into effect.

PRESENT ARRANGEMENT OF THE MAGAZINE.

Here upon this single and simple principle, any exchanges of articles and personal services are made, so that he who employs five or ten hours of his time, in the service of another, receives five or ten hours labour of the other in return. The estimates of the time cost, of articles having been obtained from those whose business it is to produce them, are always exposed to view, so that it may be readily ascertained, at what rate any article will be given and received. He who deposits an article which by our estimate costs ten hours labour, receives any other articles, which, together with the labour of the keeper in receiving and delivering them, costs ten hours, or if the person making the deposit does not wish at that time, to draw out any article, he receives a Labour Note for the amount; with this note he will draw out articles, or obtain the labour of the keeper, whenever he may wish to do so.

Some snippets from Ezra Heywood's essay 'Hard Cash' in Old and New, which proposes 'free' money with an unlimited commodity basis. Living in an era of derivative markets, we might imagine unregulated finance as a space where exchange value and use value drift apart, where their relationships become more complex and multiple and opaque. Heywood had the opposite instinct: if unregulated, those two things would converge. The problem was government, acting in the interest of usurers, artificially preventing the full range and variety of really valuable stuff from being used to issue money ... 

On money as a unit of account:

You are actually much better acquainted with the mental dollar, than you are with the material dollar. If a merchant reviews his business, for a single year he will find that he uses the mental conception a million times where he employs its concrete expression once. 
(16)

Heywood comparing the production of money (and its regulation) to the production of shoes:

Enterprise and self-reliance, liberty to create values and unrestricted exchanges are the conditions of success in "other trades." Government does not say to a set of men "You shall make the shoes and all restrictions upon your monopoly, through competiton, are forbidden by sufficient penalties." Nor does it say to the people, "In order that you may be protected against fraud we have appointed these men to shoe you at their own-price; and efforts of other parties to contract with you, on more favorable terms, are hereby pronounced penal offences." [...] industry prospers in proportion as men are left to manage their own affairs.

(20)

 For Heywood, all government regulation is bound up with usury. Zingers:

Labor-reform asks only that the recognized principles of property and trade which are the life of business, may be applied to money. If we want "protection" we will contract for it. Abhorring favoritism we think that one privilege only should be guaranteed to usurers equally with other classes -- the beneficent privilege of earning their own living. Rich people have been subjects of charity long enough. Money covers a multitute of sins in which too many take stock.

(20)

A production theory of value underlies his conviction that money is not inherently usurious (against the suggestion that it will not circulate unless it steals value). What does it mean for enterprise to be unrestricted? Could we imagine it differently to how Heywood does, yet guided by that idea that it is whatever set of circumstances that would allow a production theory of value to become more-or-less true?

If enterprise is unrestricted the price of money, as of other commodities, must ultimately be regulated by the cost of production. Usury like chattel bondage is upheld by local statute law; and, as the best way to protect slaves was to destroy mastership, so now we need only to repeal all laws which restrict the natural right of people to provide their own medium of exchange. The usurer is a legal thief whose occupation will be gone when his victims cease to furnish courts and constables to enforce his unrighteous claims.

(21)

Heywood on money as credit-debt:

But there is another species of property, in much greater demand, more easily portable and, if it can be obtained, always chosen in preference to coin -- negotiable debt,-- which is already the medium of exchange in 95 per cent. of the world's business. [...]  If the means of payment were restricted to specie, interested parties could monopolize it, hoard it, send it broad and deprive us of currency, thus compelling working people to pay them tribute. The specie-basis scheme is an effort to lock the laboring classes of all nations into one chain-gang, and hold them perpetually obedient to the merciless scourge of usury. But, fortunately, the laws of trade rebel against these narrow-minded extortionists; for, since whatever is salable discharges debt, all property can be drawn upon as means of payment. (18)

On the failures of wildcat banks, which fall short of entirely unregulated free money:

The genuineness of debts is assured only by the soundness of debtors, by unquestionable evidence of their ability and willingness to pay. Those who create more value than they consume are the most reliable debtors; for if one begs, or steals, or subsists on what comes of friendship or kinship he is a negative factor. The legerdemain of government currencies, the high sounding platitudes of financiers who preach the specie basis delusion create no value, and therefore lack the essential element of reliableness. It was this effort to substitute political jugglery, and speculative deception, for useful industry, which afflicted our people with what were called "wild-cat banks". In 1838 the legislature of the State of New York passed "An act to authorize the business of banking" which provided 1st., that it should be free under the provisions of a general statue; 2nd., that nine-tenths of a bank's capital ( consisting of approved bonds and stocks ) should be deposited with the State Superintendent of Banks to remain in pledge for the redemption of its notes; 3rd, that these notes should bear upon their face the nature and amount of stock pledged, together with the usual signatures. These plausable provisions ( which were proposed in 1821 by John McVickar Professor in Columbia College ) furnished important suggestions to Sir Robert Peel which were incorporated into the English Bank Act of 1844, and formed the basis of the present National Banking Law of the United States.* Prof. McVickar claimed that his methods to secure liberty and safety in banking were “not untried novelties, but already established by the experience of other trades.” It was undoubtedly one ofthe best schemes for state banking ever devised, for monopoly never took a fairer form. But that it made money free and reliable in the sense in which those words apply to “other trades” is not true. It did not honestly demand free banking, (that is liberty for individuals or associations to exercise their natural right to manufacture and issue currency on their own responsibility and at their own cost ) but, leaving all of the old statutes which prohibit free competition in the production of money in full force, it undertook to provide new conditions under which people were to be “permitted” to do what they have a natural right to do ! Precisely in this way did not the Pope permit Protestants to be free under conditions prescribed by his infallible self ? Was not George III, willing the Colonies should be governed as he thought best ? What slave is not free within the circle described by his driver’s lash ? The Act did indeed provide freedom for usurers, but subjection and extortion for their victims, the producers. Under the fair seeming pretense of protecting the people from fraud it robbed them of their natural right to protect themselves, at once arming the banks with power to enforce usury, and leaving them abundant opportunities to escape from the just obligations to redeem their notes. Simon Cameron, U.S. Senator from Pennsylvania can tell how fortunes were “made” by “wild-cat banking;” for he is reported to be one of many “friends of the people” who acquired large wealth through the stately imposition. Under the legal forms prescribed it was very easy to start a bank, issue bills and send them far away, West or South; because apparently “secured by the state”  people would take them in exchange for property, thus enabling the bankers to get possession of real value when they had no intention of redeeming their false promises to pay. Defenders of the national bank monopoly now bring it as an objection, to the old state-banks, that their bills came back for redemption with inconvenient frequency, and in embarrassing quantities ! A banking system whose notes are rarely returned for payment, the issuers of which, while drawing  semi-annual interest on their bonds, also receive interest constantly on their notes in circulation, thus getting a double rate of usury without ever being called upon to redeem their promises to pay, is especially “perfect” ! Who would not undertake to “protect” the people on these lucrative terms ! The epithet “wild-cat” was invented by usurers to scare their profit yielding victims into consenting to be “protected;” but the feline animal in their employ is noted for ferocity as well as irresponsibleness, and people are beginning to learn that systematic extortion, in comparison with which the instincts of savage  beasts are merciful, is a kind of “protection” a little too expensive to be much longer desirable. Liberty may be perilous to victims of traditional subjection, but the “wild-cat” warnings of our usurious masters will be worth heeding when we have some evidence that their solicitude is disinterested. 

(19-20)

Heywood on fiat money:

The scheme [of Edward Kellogg / endorsed by the National Labor Union], as now before the public, is at once a denial of liberty and of equity; for while it proposes to make usury perpetual, through political monopoly and dictation, it sees no better basis of financial values than the treacherous quicksands of "national faith."

Next, some snippets from William Greene's Mutual Banking (1850).

From the intro:

The object of the mutualist bank is to advance money on sound personal guarantee on their future earning or production, even without the mortgage of property at the rate of one percent interest per annum. This amount of interest covers the whole expenditure of the establishment and leaves something to be carried forward to reserve funds. Besides, loans on low interest would give impetus to honest industry and it will also help to increase employment by creating efficient demand. It is very difficult in these days to borrow money from banks on high interest for honest and enterprising concerns; even on pawning the securities or estates and so what to talk of owners of small workshops and craftsmen, who have very little of fluid capital and hardly sufficient capital to pledge securities.

Capital:

Money is disengaged capital, and disengaged capital is money.

Labour, capital, money, happiness (and a bit more implicitly, justice):

The community is happy and prosperous when all professions of men easily exchange with each other the products of their labor; that is, the community is happy and prosperous when money circulates freely, and each man is able with facility to transform his product into disengaged capital, for with disengaged capital, or money, men may command such of the products of labor as they desire, to the extent, at least, of the purchasing power of their money.

Liquidity, demand, something similar to what was later called the [double] coincidence of wants:

The community is unhappy, unprosperous, miserable, when money is scarce, when exchanges are effected with difficulty. For notice, that, in the present state of the world, there is never real over-production to any appreciable extent; for, whenever the baker has too much bread, there are always laborers who could produce that of which the baker has too little, and who are themselves in want of bread. It is when the tailor and baker cannot exchange, that there is want and over-production on both sides.

Types of money:

But all money is not the same money. There is one money of gold, another of silver, another of brass, another of leather, and another of paper: and there is a difference in the glory of these different kinds of money. There is one money that is a commodity, having its exchangeable value determined by the law of supply and demand, which money may be called (though somewhat barbarously) merchandise-money; as for instance, gold, silver, brass, bank-bills, etc.; there is another money, which is not a commodity, whose exchangeable value is altogether independent of the law of supply and demand, and which may be called mutual money.