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#114932 - 11/02/03 01:19 PM Money matters
Jackie Offline

Carpal Tunnel

Registered: 03/15/00
Posts: 11613
Loc: 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

#114933 - 11/04/03 06:42 AM Re: Money matters
wsieber Offline
old hand

Registered: 03/15/00
Posts: 1027
Loc: 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 08:27 AM Re: Money matters
Faldage Offline
Carpal Tunnel

Registered: 12/01/00
Posts: 13803
Paper money, at least, you can eat.

#114935 - 11/06/03 10:10 AM Re: Money matters
Capfka Offline

Registered: 06/28/02
Posts: 1624
Loc: 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 06:45 PM Re: Money matters
JohnHawaii Offline

Registered: 01/17/03
Posts: 171
Loc: 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 08:12 AM Re: Money matters
wsieber Offline
old hand

Registered: 03/15/00
Posts: 1027
Loc: Switzerland
Paper money, at least, you can eat. Termites are better adapted in this respect, than humans.


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