Discover and read the best of Twitter Threads about #bearer_instruments
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@GeorgeSelgin @lawrencehwhite1 @jp_koning In the context I gave, the answers to the 2 questions play a critical role: they define the market. Prof. White added another: #anonymous #bearer_instruments.
Forgery, issuing, loaning, & taxing have been concerns from the earliest days of State control. Laws have to adapt >
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Forgery, issuing, loaning, & taxing have been concerns from the earliest days of State control. Laws have to adapt >
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@GeorgeSelgin @lawrencehwhite1 @jp_koning - to technology changes, which can radically alter the landscape of the #system.
Long before the specific formal appearance in the Literature¹ʻ², conflicts between open & closed markets were apparent & dealt with. The dilemma didn't go away, they relied on the difficulty >
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Long before the specific formal appearance in the Literature¹ʻ², conflicts between open & closed markets were apparent & dealt with. The dilemma didn't go away, they relied on the difficulty >
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@GeorgeSelgin @lawrencehwhite1 @jp_koning - of producing & transporting the object of redemption: gold. This clearing was done in separate, closed markets between banks &/or #nationstates.
Removing that standard shifted the dilemma for them, but we're concerned w/the citizen markets of nations. Suffice it to say, >
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Removing that standard shifted the dilemma for them, but we're concerned w/the citizen markets of nations. Suffice it to say, >
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