From: Mats Bergstrom <matsb@sos.sll.se>
Date: Mon, 24 Jan 94 10:12:05 PST
To: cypherpunks@toad.com
Subject: Re: The Digital Barter Economy
In-Reply-To: <9401240525.AA19272@anchor.ho.att.com>
Message-ID: <Pine.3.85.9401241848.A22340-0100000@cor.sos.sll.se>
MIME-Version: 1.0
Content-Type: text/plain




On Mon, 24 Jan 1994 wcs@anchor.ho.att.com wrote:

> accomodate people's expectations.  It's certainly better than
> having one group of people decide that there should be more money
> in the market, print it, and force everybody to accept it from them.

But this trick was said to work in Portugal sometime between the wars.
Some counterfeiters got access to the printing devices used by the
Waterlow Bank in London, the official printers of Portugese money at
the time. The Portugese economy, obviously in need of more money on the
market, prospered. (Source: verbally from a certain Mr Waterlow, grandson
of the betrayed banker, Rome 1972.)