Sound as a ...
Krugman thinks we should pay our bills with moral obligation chits. On the premise that money is anyone thing people think is money, then file this one under "not as crazy as it sounds" (and not as serious as this guy seems to think it is). For added dignity, we could have them incised on giant pieces of stone, like they do on the Isle of Yap (copper, like they used to use in Sweden, is probably too expensive). Or we could just dragoon all the lower-level treasury minions and send them to Safeway.
3 comments:
On the premise that money is anyone people think is money.
Wow. I've heard of metal money, paper money, stone money (as in your picture), and more recently electronic bits-as-money. But I've never, ever, heard of people money. Seems like something out of Alice in Wonderland!
Maybe not so crazy. They used to say that Lord Rothschild could make a man rich by walking across the street with him.
Read David Graeber's Debt. One upon a time, back in medieval Ireland, money was denominated in servant girls. http://www.nakedcapitalism.com/2011/08/what-is-debt-%E2%80%93-an-interview-with-economic-anthropologist-david-graeber.html
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