Or even to ordinally measure if demand for money is increasing or decreasing?
Prices are effected both by the supply and demand of money. The supply of money can be measured. But how is one to gauge the demand of money? For if the demand for money rises as the supply of money rises, prices would not rise as much had demand remained constant.
How would you gauge the demand for any good?
faber est suae quisque fortunae
Generally, via exchange rates. You could also try price of a currency versus average cost of commodities.
@Jack: In general by the amount of money used to buy the specific good. If I exchange $10 for 1 television, then my demand for the television is $10. You could say the sellers demand for the $10 is 1 television.
@Anenome: As for exchange rates, I don't see how that can be an accurate measure. Exchange rates can be affected both by the supply and demand of the currencies being compared.
Value is never measured, only graded.
@Jack: In general by the amount of money used to buy the specific good. If I exchange $10 for 1 television, then my demand for the television is $10...
You can say that the demand for the television is at least $10.
"If we wish to preserve a free society, it is
essential that we recognize that the desirability of a particular
object is not sufficient justification for the use of coercion."