Message:

<p>[QUOTE=&quot;Texas John, post: 1181037, member: 25813&quot;]As I learned it, a successful currency must be the following:</p><p><br /></p><p>1) Limited in quantity.</p><p><br /></p><p>2) Easily identifiable.</p><p><br /></p><p>3) Difficult to duplicate.</p><p><br /></p><p>Gold certainly fits the bill. So did cocoa beans in the Aztec empire. So did wampum in certain Native American cultures. So did huge rounded stones with holes in them on Yap Island. Well-executed paper money can fit the bill, too, although its rarity is a function of policy rather than actual physical scarcity.</p><p><br /></p><p>But then, you can always plant more cocoa trees, mechanise the method of polishing shells, or use a larger boat to haul more big rocks to the island. </p><p><br /></p><p>Or prospect for more gold.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in