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Joined: Mar 2000
Posts: 11,613
Carpal Tunnel
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Carpal Tunnel
Joined: Mar 2000
Posts: 11,613 |
I have never been much interested in money, other than wondering how much I could safely spend at any given time. And that may be quite obvious, if everybody but me knows these two terms: specie money, and fiat money. The site I found them on is both clear and interesting; I clicked all over the place, and the only disappointment I had was that the specie money link wasn't there yet. So, if you're looking for something to pass the time, try http://en.wikipedia.org/wiki/British_Banknotes
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Joined: Mar 2000
Posts: 1,027
old hand
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old hand
Joined: Mar 2000
Posts: 1,027 |
I liked the phrase that in order to qualify for use as money, a commodity had to be "reasonably scarce". - The replacement of specie money by fiat money probably came with the general insight that even the value of gold depends very much on circumstances. Among a crowd of starving people, it is rather useless.
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Joined: Dec 2000
Posts: 13,803
Carpal Tunnel
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Carpal Tunnel
Joined: Dec 2000
Posts: 13,803 |
Paper money, at least, you can eat.
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Joined: Jun 2002
Posts: 1,624
Pooh-Bah
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Pooh-Bah
Joined: Jun 2002
Posts: 1,624 |
Paper money, at least, you can eat.
Okay, I have a bunch of five rupee notes left over from my last trip to India. You can eat those if you like. Have you made your funeral plans and your will, yet?
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Joined: Jan 2003
Posts: 171
member
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member
Joined: Jan 2003
Posts: 171 |
I got my first look at the new US $20 bill today. They've added a peach color to it, but it still didn't look very appetizing.
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Joined: Mar 2000
Posts: 1,027
old hand
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old hand
Joined: Mar 2000
Posts: 1,027 |
Paper money, at least, you can eat. Termites are better adapted in this respect, than humans.
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