Talk:Standard of deferred payment

I got lost at the beginning of the 3rd paragraph at "This is distinct from the store of value function (computers have functions?)((which relates to)) the saving, storing, and retrieval of value, and from the unit of account function ((which requires)) ((fungibility)) so accounts in any amount can be readily settled."

By gosh, this looks fungled up. If that's a word. Nastajus 18:06, 28 May 2007 (UTC)

Who uses this term for what?
I don't see any usage of this term in any standard economic texts. I will propose this article for deletion. patsw (talk) 20:14, 20 February 2009 (UTC)

The article should be kept: I did a little more research on Google books and see that the term is used in a quirky sort of way starting in the late 19th century as a adjunct to the function of money. It's not all about inflation either. patsw (talk) 01:59, 22 February 2009 (UTC)


 * Thanks patsw!!
 * I’ve added many (many) references as you indicate; “standard of deferred payment” is unusual in that it has traditionally been considered one of the 4 functions of money, but it is not widely discussed these days, instead being subsumed in the other 3.
 * I’ve clarified this, both here and at money.
 * —Nils von Barth (nbarth) (talk) 12:44, 12 July 2009 (UTC)

"However, many newer texts do not distinguish the function of a standard of deferred payment, subsuming it in other functions."
Why is this subsumed? It is mentioned 3x, but not elaborated on further. I'd like to know (and be able to read) why :)