On The Subject Of Private Credit

[Carl]

Accounting entries are money of account, but not money of exchange. FRNs currently function as money of exchange.
I think you aren't reading my words correctly. I am agreeing with you.
Your initial post is saying the same thing. There is money of account and money of exchange. Read my posts #22 and #23.

I'm reading your words correctly and I'm telling you your phraseology is wrong. My initial post makes no such claim. You're not agreeing with me, you're attempting twist my argument to fit your straw man and I will have none of it.

Exchanging one's coins at values deemed legal tender is not barter.
Barter is the exchanging of items sans any medium of exchange.
Gold and silver coin is always relevant to any discussion of money whether historical or contemporary.

It is your prerogative to believe whatever you like however; your beliefs are not germane to the subject as outlined.

Now, now... this is a discussion. Let not frustration get the better of you. I'm trying to communicate with you, but it makes it hard with ad hominem attacks which, I am certain, are against the policy of this forum.

It was not an ad hominem attack, it was an honest, straight foward, question.

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