We know that money creation requires the borrower's signature, the promise to repay, but it's more powerful, or shocking to say out of thin air.
It's been empirically demonstrated ...
https://www.sciencedirect.com/scienc...57521914001070
We know that money creation requires the borrower's signature, the promise to repay, but it's more powerful, or shocking to say out of thin air.
It's been empirically demonstrated ...
https://www.sciencedirect.com/scienc...57521914001070
These articles have renewed my interest in "commercial redemption" as well as lawful money.Originally Posted by marcel
Would securities issued by the US Treasury be considered lawful money? Can such securities be used to discharge a debt agreement?
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