Re: [gang8] Re: two currencies and Korean war

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

"Alan G. Isaac" wrote:

> Money will not be held unless it is expected to serve as a store of
> value.  There are many ways in which this expectation can be
> generated, and the chartalists are simply discussing one of them.
>

Please name the other ways.
Expectation is pervasive in human calculation, not just in economics.
Yet expectation is not fantasy, at least not always.  Expectation can be
based on rational deduction or irrational phobia or faxation, all
tracable to past experience.  On every dollar note is printed "In God We
Trust". Is that a hedge against the expectation that the FRB may fail?

Henry C.K. Liu