On Fri, Oct 7, 2011 at 20:37, nathan tankus <[email protected]> wrote: > "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?
500 trillion Tankus's, an electronic unit of account issued by Nathan Tankus 500 trillion Tankus's, an electronic unit of account issued by Nathan Tankus 500 trillion Tankus's, an electronic unit of account issued by Nathan Tankus 500 trillion Tankus's, an electronic unit of account issued by Nathan Tankus 500 trillion Tankus's, an electronic unit of account issued by Nathan Tankus 500 trillion Tankus's, an electronic unit of account issued by Nathan Tankus 500 trillion Tankus's, an electronic unit of account issued by Nathan Tankus I could go on till I get to a google, but your electronic issuing doesn't necessarily protect from counterfeiting. Thus, not scarce. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
