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1996-04-13 - Re: Money supply is fake anyway

Header Data

From: “Perry E. Metzger” <perry@piermont.com>
To: “Vladimir Z. Nuri” <vznuri@netcom.com>
Message Hash: ef8a7cdc51bf429fd8a2b415d49cbab3678be61f28e1547c8eba30859e7f9b6f
Message ID: <199604112050.QAA21809@jekyll.piermont.com>
Reply To: <199604112040.NAA18876@netcom7.netcom.com>
UTC Datetime: 1996-04-13 16:05:30 UTC
Raw Date: Sun, 14 Apr 1996 00:05:30 +0800

Raw message

From: "Perry E. Metzger" <perry@piermont.com>
Date: Sun, 14 Apr 1996 00:05:30 +0800
To: "Vladimir Z. Nuri" <vznuri@netcom.com>
Subject: Re: Money supply is fake anyway
In-Reply-To: <199604112040.NAA18876@netcom7.netcom.com>
Message-ID: <199604112050.QAA21809@jekyll.piermont.com>
MIME-Version: 1.0
Content-Type: text/plain



"Vladimir Z. Nuri" writes:
> >Thomas Grant Edwards writes:
> >> Banks "invent" money on a daily basis.
> >
> >Really? Since when?
> 
> since we left standards that tie money to things physical with
> value.

That means, Mr. Detweiler, that the Fed invents money, which is true
enough. However, banks in general aren't so empowered.

This isn't cypherpunks material any longer so I'll much more happily
discuss it in private mail. I feel bad about discussing it this much
already...

Perry

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