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Re: two currencies and Korean war

On Tue, 8 Jan 2002, Warren Mosler wrote:
> Tax collection is sufficient to 'support' a currency.
> Legal tender status is not.

Without addressing the accuracy of this claim:
I have always been more sympathetic when chartalists start claiming
about *sufficiency* rather than *necessity*.

On Tue, 8 Jan 2002, Warren Mosler wrote:
> I would call nyc subway tokens a functioning 'currency' though they
> probably aren't used widely enough etc. to fit 'standard' definitions of
> 'money.'

Well then, what about Ithaca Hours?
  http://www.lightlink.com/hours/ithacahours/
  http://www.ithacahours.org/

Cheers,
Alan
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