Re: Putting Chartalism In Its Place?

[Harry Veeder <eo200@xxxxxxxxxxxxxxxxxxx>]

> From: William F Hummel <wfhummel@xxxxxxxxxxx>
> Date: Sat, 13 Sep 2003 09:12:37 -0700
> To: pkt@xxxxxxxxxxxxxxxx
> Cc: Gang8 <gang8@xxxxxxxxxxxxxxx>
> Subject: Re: Putting Chartalism In Its Place?
>
> Gunnar wrote:
>
>> The following exchange of today's date on Gang8 may be of interest.
>>
>> Gunnar
>>
> The conversation below is like two ships passing in the night.
>>
>> Fellow Gang8 member's statement:
>>
>> I of course agree...that what gives money its value is its acceptance in
>> taxes.
>>
>> [My comment:  What does it mean to say that money has value because of
>> "taxes"?
>> Consider a Kingdom without PRODUCTION - where is Money's Value?]
>
> A kingdom without production obviously has no need for money.


Well, there is still the problem of distributing and consuming natural
bounty ... or are distribution and consumption just facets of production?

Harry Veeder