If you really consider that if in a system the Sovereign decides what is or isn't money, then perhaps money is ultimately a creature of and founded on sovereignty.
The Midas story I was told was about potential dangers of the gold standard. Few seem to note that way way way way way back interest-bearing contracts tended to deal with the likes of crops or animals that could reproduce inherently. The idea of lending something lacking inherent "reproduce-ability" at interest wasn't necessarily heard of. IMHO there is a lot to be gleaned from studies along those lines.
Originally Posted by allodial
If you really consider that if in a system the Sovereign decides what is or isn't money, then perhaps money is ultimately a creature of and founded on sovereignty.
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