Quote:
Originally Posted by mcsluggo
so... what you are saying is that "the dollar" as we know it today was a technological advance, much in the same way that a demand deposit (checking account) and a credit card was.
amen to that.
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Actually, that'd be what you are saying.
I wouldn't call it a technological advance -- the chinese had paper (or rather, fiat) money 1,000 years ago. I would say that fiat currencies are a "technology" that have been tried and tested many times in history, and the answer is always the same.