The Importance of Economic Calculation

Mises was saying it's not that economic value is this separate quantity that money measures. So there is something to be said for the fact that one half of every transaction is the money come out of the money or the money good. That allows us to reduce all these disparate transactions to a common denominator and affirm any given accounting period can look at its monetary expenditures and its monetary revenues and try to decide are we profitable. And in that context, debasing the currency has bad effects because it makes it hard.