MONEY: Money conveys information if not crowded out by gooferment noise

http://www.ncc-1776.org/tle2007/tle433-20070902-06.html

Thoughts About Money and Other Things
by L. Neil Smith

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Here’s why: the information that money conveys is called “price”—a word, in the study of economics, with a technical definition. Each of us contributes to the pool of that information whenever he buys something—or refrains from buying it—in the marketplace, as long as the marketplace, and the choices we all make, remain free and uncoerced.

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I think this is an important attribute of money that is often overlooked. (I know when I took economics I don’t think I heard this concept.)

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