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#114932 - 11/02/03 06:19 PM Money matters  
Joined: Mar 2000
Posts: 11,613
Jackie Offline
Jackie  Offline

Carpal Tunnel

Joined: Mar 2000
Posts: 11,613
Louisville, Kentucky
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


#114933 - 11/04/03 11:42 AM Re: Money matters  
Joined: Mar 2000
Posts: 1,027
wsieber Offline
old hand
wsieber  Offline
old hand

Joined: Mar 2000
Posts: 1,027
Switzerland
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.


#114934 - 11/04/03 01:27 PM Re: Money matters  
Joined: Dec 2000
Posts: 13,803
Faldage Offline
Carpal Tunnel
Faldage  Offline
Carpal Tunnel

Joined: Dec 2000
Posts: 13,803
Paper money, at least, you can eat.


#114935 - 11/06/03 03:10 PM Re: Money matters  
Joined: Jun 2002
Posts: 1,624
Capfka Offline
Pooh-Bah
Capfka  Offline
Pooh-Bah

Joined: Jun 2002
Posts: 1,624
Utter Placebo, Planet Reebok
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?



#114936 - 11/06/03 11:45 PM Re: Money matters  
Joined: Jan 2003
Posts: 171
JohnHawaii Offline
member
JohnHawaii  Offline
member

Joined: Jan 2003
Posts: 171
Hawaii, USA
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.


#114937 - 11/07/03 01:12 PM Re: Money matters  
Joined: Mar 2000
Posts: 1,027
wsieber Offline
old hand
wsieber  Offline
old hand

Joined: Mar 2000
Posts: 1,027
Switzerland
Paper money, at least, you can eat. Termites are better adapted in this respect, than humans.




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