Currency money or book money, which are fiat money. Currency money Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency money is commodity money, as opposed to coins whose metal value is less than
What Is it Like to Be a Bat? What Is it Like to Be a Bat? "What is it like to be a bat?" is a paper by American philosopher Thomas Nagel, first published in "The Philosophical Review" in October 1974, and later in Nagel's "Mortal Questions" (1979). In it, Nagel argues that materialist theories of mind omit the essential component of consciousness, namely that there is something that it is (or feels) like to be a particular, conscious thing. He argues that an organism has conscious mental states, "if and only if there is something that it is like to be that organism—something it is like "for"