At 7:23 PM +0200 11/7/03, Danny Van den Berghe wrote:
I only pointed out that in a paper money system there is more incentive to
'invest' the money.


How so (if you're not pointing to the propensity of governments to
spread around inflationary fait paper to garner support)?

In a technological age, it's unnecessary for money (whether paper or
gold or two-ton yap stones) to even be handled, only that you be
known to be good for it. Literally, you are given a loan, and buy
based off that credit, and when you realize a return on your
investment, pay off the loan. Physical money never leaves the bank
vault.






Mike.



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