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02-12-2009, 08:41 AM
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#1 |
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Golden Member
Join Date: May 2002
Location: McLean, VA
Posts: 1,970
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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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02-12-2009, 09:08 AM
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#2 | |
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Diamond Member
Join Date: Feb 2006
Location: Basketball fan nirvana
Posts: 5,625
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Quote:
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.
__________________
"It does not take a brain seargant to know the reason this team struggles." -- dmack24 Last edited by alexamenos; 02-12-2009 at 10:00 AM. |
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| fluffonomics, got a bit fluffy in here, price-to-fluff ratio |
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