Message:

<p>[QUOTE=&quot;cladking, post: 13155, member: 68&quot;]Money is an idea.&nbsp; First and foremost money is a practical thing which is valued by its users by consensus.&nbsp; When people believe what they&#039;re using for money is overvalued than it becomes less valued through inflation or sudden adjustment.&nbsp; Money in one area is rarely money somewhere else.&nbsp; A worker in a West Virginia coal mine couldn&#039;t spend his scrip in Cincinnatti and one would look long and hard in this country trying to spend or deposit large quantities of aluminum Chinese coin.&nbsp; </p><p><br /></p><p>Anything used as money has with it an implied usage, geographical area, and value.&nbsp; Most money in the modern era is issued by governmental authority for use in the country of origin (euro excluded).&nbsp; Its value is set by users and is dependent largely on its supply.</p><p><br /></p><p>When the Zaire government added a few more zeros to their currency to make it practical in an hyperinflationary enviroment, the people refused to accept it.&nbsp; Instead they simply continued to use the older currency and were even able to obtain the printing plates to make more.[/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