> Yes, indeed. But the very example you've chosen (wherever zlotys come > from!) shows that a particular currency or "token" depends on public > confidence only and not on real value. More later, but for the moment, the "zloty" is the Polish monetary unit, like the pound or the dollar. I understand that it has been relatively stable and that Polish grocers would likely accept it. Ed W
- Re: Re: Fiat Money and Bank Credit. Magic Circ Op Rep Ens
- Re: Fiat Money and Bank Credit. Keith Hudson
- Re: Re: Fiat Money and Bank Credit. Ed Weick
- Re: Fiat Money and Bank Credit. Ed Goertzen
- Re: Fiat Money and Bank Credit. Ed Weick
- RE: Fiat Money and Bank Credit. Cordell . Arthur
- RE: Fiat Money and Bank Credit. Ed Goertzen
- Re: Re: Fiat Money and Bank Credit. Ed Goertzen
- Re: Re: Fiat Money and Bank Credit. Ed Weick
- RE: Fiat Money and Bank Credit. Keith Hudson
- RE: Fiat Money and Bank Credit. Ed Weick
- RE: Fiat Money and Bank Credit. Cordell . Arthur
- RE: Fiat Money and Bank Credit. Cordell . Arthur
- Re: Fiat Money and Bank Credit. Ed Weick
- RE: Fiat Money and Bank Credit. Ed Goertzen
- Re: Fiat Money and Bank Credit. Christoph Reuss
- RE: Fiat Money and Bank Credit. Keith Hudson
