1995-01-19 - Re: Electronic cash illegal?
Header Data
From: Thomas Grant Edwards <tedwards@src.umd.edu>
To: Derek Atkins <warlord@MIT.EDU>
Message Hash: 1f3d2c07a83d779e5c4b2bc105535ee58902f084324980e0e96cbccba0a97f14
Message ID: <Pine.SUN.3.91.950119182200.13361A-100000@thrash.src.umd.edu>
Reply To: <9501190336.AA12782@toxicwaste.media.mit.edu>
UTC Datetime: 1995-01-19 23:27:14 UTC
Raw Date: Thu, 19 Jan 95 15:27:14 PST
Raw message
From: Thomas Grant Edwards <tedwards@src.umd.edu>
Date: Thu, 19 Jan 95 15:27:14 PST
To: Derek Atkins <warlord@MIT.EDU>
Subject: Re: Electronic cash illegal?
In-Reply-To: <9501190336.AA12782@toxicwaste.media.mit.edu>
Message-ID: <Pine.SUN.3.91.950119182200.13361A-100000@thrash.src.umd.edu>
MIME-Version: 1.0
Content-Type: text/plain
On Wed, 18 Jan 1995, Derek Atkins wrote:
> The US dollar is backed by trust alone, today.
Actually, the "backing" of a fiat currency is the need to have some
around to pay your taxes, else you go to jail. You are taxed on many
types of income, even if they are not directly exchanged in the fiat
currency. Somehow you have to get some.
This also means that higher taxes can make the currency more desirable,
lower taxes less, higher government spending less, lower government
spending more, etc.
-Thomas
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- 1995-01-19 (Wed, 18 Jan 95 18:25:16 PST) - Re: Electronic cash illegal? - wcs@anchor.ho.att.com (bill.stewart@pleasantonca.ncr.com +1-510-484-6204)
- 1995-01-19 (Wed, 18 Jan 95 19:40:10 PST) - Re: Electronic cash illegal? - Derek Atkins <warlord@MIT.EDU>
- 1995-01-19 (Thu, 19 Jan 95 15:27:14 PST) - Re: Electronic cash illegal? - Thomas Grant Edwards <tedwards@src.umd.edu>
- 1995-01-19 (Wed, 18 Jan 95 19:40:10 PST) - Re: Electronic cash illegal? - Derek Atkins <warlord@MIT.EDU>