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<p>[QUOTE=&quot;fatima, post: 1446222, member: 22143&quot;]I hit end on my post too soon so I will answer this again.</p><p><br /></p><p>When the AGE law was first proposed, it was put forth as an alternative circulating currency to the Federal Reserve Note. You can go back and read the original proposal to Reagan in the 1980s as it was not supposed to have a $ face value placed on it. At the last moment, a legal tender value of $50 was slapped on it which immediately made it useless for circulation. Gresham&#039;s law was proved and the people who did this, knew it.&nbsp; </p><p><br /></p><p>I will try to address your other points.&nbsp;&nbsp; </p><p><br /></p><p><i><span style="color: red">&quot;Gresham&#039;s law worked on older gold coins, but AGE has never been subject to it, since it never circulated at face value in its entire history.&quot;</span></i></p><p>Addressed above.&nbsp; The reason they didn&#039;t circulate is because Gresham&#039;s law prevented it.&nbsp; The original proposal to Reagan was for AGEs to circulate. </p><p><br /></p><p><i><span style="color: red">&quot;My basic definition of money is the medium of exchange that a society uses. When you go to the grocery store, how do they tell you what you total is?&quot; </span></i> You give a general definition with a specific example.&nbsp; For your definition to be valid, it should be applicable to any society.&nbsp; Hence, there is no reason, based on your definition that in the future that toilet paper can&#039;t be used as a medium of exchange.&nbsp; The Native Americans used to use corn as currency as another example.&nbsp; If you mean what is currency TODAY, well I wasn&#039;t addressing TODAY.&nbsp;&nbsp; </p><p><br /></p><p><i><span style="color: red">&quot;No, gee I guess they tell you its $86.78, huh? Yeah, right in that second they tell you what is &quot;money&quot; in the US. It is the &quot;thing&quot; that all of us agree to exchange goods based upon. That&#039;s all, nothing more or less.&quot;</span></i> So now you amazingly change your definition in the next breath to that of money is defined in terms of what the buyer accepts.&nbsp; (not that I disagree)</p><p><br /></p><p><i><span style="color: red">&quot;I don&#039;t care if its USD, CAD, Euros, sea shells, gold, or twigs. If the price for a gallon of gas was 14 twigs, I would accept that twigs was our money, just like I would accept gold were our money if for a gallon of gas the gas station had on their sign they wanted 1.34 grams of gold a gallon for it.&quot;</span></i>&nbsp; You just contradicted yourself yet again.&nbsp; &nbsp; If you can accept twigs as money then you can accept toilet paper can be money.&nbsp; Hence, you just proved my original post.&nbsp; Your attempt to be literal about Gresham&#039;s Law just fell on its face. </p><p><br /></p><p>Honestly you should not try to be so serious about a post of toilet paper vs the dollar.&nbsp; <u>Dear heart, it was a metaphor.</u>&nbsp;&nbsp; We all know you can read google results so you don&#039;t need to go out of your way like this to prove it.[/QUOTE]</p><p><br /></p>

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