And states can construct, defend, tax, and regulate MARKETS.
Gold was valuable but not ‘money’. But did not require refinement. And too expensive for use as money. So it was just a commodity. Silver required refinement. The first money was electrum. But any metal will do.
Source date (UTC): 2020-12-06 17:18:02 UTC
Original post: https://twitter.com/i/web/status/1335634618897346561
Reply addressees: @AgoristView @PeterSchiff @DTAPCAP @jeffreyatucker
Replying to: https://twitter.com/i/web/status/1335632872850550784
IN REPLY TO:
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@AgoristView @PeterSchiff @DTAPCAP @jeffreyatucker Metal Commodity Money (money proper): scarce, non-perishable, universal signal good(luxury), consistent weight and volume, unitizable, countable, trade-markable (warrantable), re-trade-markable (melt, re-stamp), standard of weight and measure -THEREFORE STATES CAN PAY SOLDIERS.
Original post: https://x.com/i/web/status/1335632872850550784
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