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<p>[QUOTE=&quot;InfleXion, post: 1308369, member: 29012&quot;]I don&#039;t really see any fundamental difference between FRNs and the digital dollars in my bank account. They are identical in every way except that one is paper and one is data in cyberspace. They are both notes of debt from the Federal Reserve. They both depreciate identically. They are both accepted as forms of payment for merchants. It&#039;s just that FRN has been used to distinguish the paper dollars, but I see no reason to preclude it from distinguishing the dollars in my bank account. It seems like the assumption is that because paper dollars are called FRNs that digital dollars cannot be, but I don&#039;t grasp why this has to be the case. Maybe there&#039;s a reason I am unaware of, but I haven&#039;t seen one proposed as of yet. There may be other monetary vehicles that make up the money supply, but those aren&#039;t what I deposited into my bank.[/QUOTE]</p><p><br /></p>

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