On 4/26/07, Louis Proyect <[EMAIL PROTECTED]> wrote:
Jim wrote: >We currently have capitalism without gold or silver money.But that wasn't possible in the early stages of capitalism.
right. That's because state power hadn't been cemented. Fiat money requires state power. That's why I continued, discussing convertible (species-backed) money. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
