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Re:

5 messages picture_as_pdf Source PDF
J
jeffrey E. May 25, 2016 1:27 PM

and money is a " promise ". 4,=A0 nothing more. / all the characteritics of promises =C24>hold, evidence. trust, transferabilty, . ac=eptance, risk etc.

J
Jeremy Rubin May 25, 2016 1:30 PM

I'm not sure completely what the context is on=this email, but I would add that the currency layer to money adds degrees =f fungibility of that promise.

Also, in repeated games the tracking =f promises can be made more substantive as credulity is built on the expec=ation of promises to be kept.

J
jeffrey E. May 25, 2016 1:31 PM

currency is the evidence . money is a promi=e.

J
Jeremy Rubin May 25, 2016 1:45 PM

In a sense, coinage is the evidence -- currency in many forms leave= no evidence. This is a pretty major point of recent (1980's+) anthrop=logy, that early forms of currency never enter the anthropological record =ecause they leave no trace.

J
jeffrey E. May 25, 2016 6:02 PM
To
Jeremy Rubin

of course not when the promise is fulfilled it=disintegrates. unless. used for another purpose. t=xes :)

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