Quote Originally Posted by David Merrill View Post
Elegant!

In my mind this demonstrates one objective truth. Which is to say that there are a variety of methods to approach it. There are as many perspectives on the truth as there are people speaking about it.

What you bring to my mind is the perspective I sometimes acquire that FRNs are insurance policies. Redemption is merely making a claim. I started a thread recently about settling the bill with a Redemption Stamp across the dead President, showing authority to Redeem across the boundary between the Treasury and the Fed.

I hope you share this.
Could FRNs be likened to stock certificates?