That is good only for the tax paying function! I don’t quite understand people using other money for their other transactions. I know using the FRN is the easiest way to work because it is legal tender, whereas everything else shows all the functions of a commodity money, even the settling on the price of money in terms of the goods. If we all started doing this, everyone would quickly realize the faults of the FRN.
That is good only for the tax paying function! I don’t quite understand people using other money for their other transactions. I know using the FRN is the easiest way to work because it is legal tender, whereas everything else shows all the functions of a commodity money, even the settling on the price of money in terms of the goods. If we all started doing this, everyone would quickly realize the faults of the FRN.