[OPE-L:1856] RE: electronic money

Chai-on Lee (conlee@chonnam.chonnam.ac.kr)
Mon, 22 Apr 1996 06:15:33 -0700

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To Mike, Paul and Jerry,

If money is simply a non-commodity, and is able to be substituted with =
an electronic unit, the money can only function as the means of =
exchange. In sofar as the means of exchange is concerned, it need not =
have any intrinsic value. But it requires that every agent in the =
exchange should be neither in a debit nor in a credit. One cannot keep =
on accumulating the monetary units. Since the monetary units are =
naught, it is stupid enough to accumulate the naught units in exchange =
for one's own labour products. =20

How do you think this? =20

In OPE-L solidarity,