I think that Randy Wray is on to something. I have been reading up on John Law's Mississippi bubble. He got the state to accept his notes as payment, making them serve as money.
On Mon, Dec 29, 2008 at 11:30:13PM -0000, McDonough, Terrence wrote: > Does no one else see any merit in the chartalist approach to money which > argues that money is anything the state deems acceptable in payment of taxes. > > Terry > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
