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Re: [Pen-l] Money




"McDonough, Terrence" wrote:
> 
> Does no one else see any merit in the chartalist approach to money which argues that money is anything the state deems acceptable in payment of taxes.

Isn't that just another way of describing what Jim calls fiat money; or,
rather, one of a number of ways of enforcing fiat money.

It seem to me that it is awfully easy to fall into  tautology while
discussing money.

Carrol

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