To really get one's head around the FRB, paper money and electronic money, IMHO a term is: seigniorage (whether public or private).
To really get one's head around the FRB, paper money and electronic money, IMHO a term is: seigniorage (whether public or private).
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"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius"It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2Prove all things; hold fast that which is good. Thess. 5:21.
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