Re: [Pen-l] Money

[John Vertegaal <vertegaa@xxxxxxxxx>]

Here's a book edited by Wray on the subject. It has indeed some very 
interesting insights. Got it off the web myself sometime ago, so I don't 
believe I'm violating any copyright. 
http://www.vcn.bc.ca/~vertegaa/wray.pdf

ps, I'm still working on a reply to Jim D. I'm afraid it's getting to be 
rather long and won't be ready for a while yet.
John V

Michael Perelman wrote:
> I think that Randy Wray is on to something.  I have been reading up on John 
> Law's Mississippi bubble. He got the state to accept his notes as payment, 
> making them serve as money.
>
>
> On Mon, Dec 29, 2008 at 11:30:13PM -0000, 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.
> >
> > Terry
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