On Mon, 2007-07-02 at 13:30 -0600, Lars Rasmussen wrote: > > <cyncism/>Currency is just copied now, but it is by the same issuer, > in the form of additional currency being printed by the Federal > Reserve. One could make the argument that the fed controls how much > currency is printed, but since the fed stopped reporting how much US > currencncy is printed(http://en.wikipedia.org/wiki/Money_supply#United_States) > in 2006, there doesn't seem to be a check & balance in place.
Right. Which is exactly why people are moving away from cash and going all-electronic in terms of international business. A Visa transaction, for example, could be faked, but it's in Visa's best interest to watch it like a hawk and correct it manually if possible. > -- > Lars > > /* > PLUG: http://plug.org, #utah on irc.freenode.net > Unsubscribe: http://plug.org/mailman/options/plug > Don't fear the penguin. > */ > /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
