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.
IN REPLY TO:
Unknown author
@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