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Last edited by David Merrill; 06-15-13, 12:48 AM. -
each dollar in a hoard ties up 15-20 dollars in credit
very telling line of that newspaper articleComment
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Thanks for posting that here.
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the note was not the dollar
What constitutes money? how fractional reserves operate as probabilistic fraud (X promises to pay Y, but figures there is only a 10% chance that Y will actually take delivery).
The language on the "notes" 100 years ago was an ordinary sentence, written in plain english...
"the united states of america will pay to the bearer on demand X dollars"
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the note was not the dollar
use versus mention
thing versus referenceComment
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That sounds interesting but I do not have enough details... can you please elaborate?
It sounds like you are making the same point made on this post.Comment
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According to Black's Law Dictionary, money does not embrace notes.Originally posted by sam charles View Post
According to the Third Circuit Court of Appeals, Federal Reserve Notes are not money per se.Comment
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