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  • Re: Why can't we have House backed currencies.

    [quote] What makes a money sound? It needs to be backed by actual wealth. We all know that wealth can be anything but there are characteristics that make gold better than everything else. Lew Rockwell points out Ideal characteristics of money in his documentary "Money, Banking and the Federal Reserve"...
    Posted to Economics Questions (Forum) by corpus delicti on Fri, Oct 3 2008
  • Money

    Monetary Evolution: Where are we today? Commerce today is dominated by “electronic” transactions. A business that does not support the use of debit/credit cards will be extremely limiting its customer base and will likely not survive. The emergence of this form of money was the credit card...
    Posted to Economics Questions (Forum) by mmartillo on Thu, Sep 25 2008
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