|Re: ALternative economic systems||<– Date –> <– Thread –>|
|From: BARANSKI (BARANSKIVEAMF1.NL.NUWC.NAVY.MIL)|
|Date: Fri, 25 Feb 1994 18:20:32 -0500 (EST)|
According to my uncle, the question of using a printed credit system such as the Ithica hours, which denote specific marketable value, is in the realm of state and local municipalities which have their own tax charters which can and do effect such things. Any printed currency is no more and no less the same thing as a written check (which can be written out on anything, not just preprinted checks). currency is usually for set amounts, and issued by some 'trusted' authority, such as a government, or a bank, but it can as easily be a individual, group, or community. The only difference in US/governmnet currency is that it is illegal to destroy, tamper, alter, or forge, and that it by law ***must*** be aceptable "for all debts, public and private". Whereas private currency or checks may not be acceptable forms of payment to everyone. Jim.
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