In a message dated 11/14/02 5:56:29 PM, [EMAIL PROTECTED] writes: << That is a benefit. A good currency is a widely traded, useful, commodity. That's why salt, cocoa beans, cattle, etc., were used as money. Having a consumer use anchors the value of the currency.
Fred Foldvary >> I was just mentioning in Macro class last week that people have used money based on commodities other than gold and silver--such as tobacco in the southern American colonies. David Levenstam
