"But this currency isn't scarce, so it's not really money." it's not money because there is no reason for others to use it as a unit of account. i guess i don't know what you mean by scarcity. are you talking about the amount of real resources (whether in accumulated physical stocks of goods or flows of factor payments) it takes to discharge taxes (in this case none because i have no ability to enforce tankus taxes) ? scarce relative to what?
-- -Nathan Tankus ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
