Re: (OPE-L) On the mango theory of money

From: Paul C (clyder@GN.APC.ORG)
Date: Sat May 29 2004 - 16:00:20 EDT

Gerald A. Levy wrote:

>1) Put some "mango-money" in your back pack.
>2) A month later, open your back pack and
>   remove the "mango money".
>Oops.  Where is the "mango-money"?  Is it
>that squishy stuff  (without value) at the bottom of
>the back pack or is it that stain?
>Now, had one put a 'silver' dollar or a Federal Reserve
>Note in one's back pack then -- in the ordinary
>course of events -- one could open the back pack
>after a month and still find the money that one put in
>it and be able to then use it as money.
>Money must serve as a store of value.  Unless it
>can store value it can not be held for future purchases.
>Nor can it serve as an instrument of hoarding.
>In solidarity, Jerry
The mystery is solved when one realises that money is not a substance
but a technology of record.

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