This would be currency. Money is a store of value while currency is simply the physical method of enacting trade (i.e. medium of exchange). You essentially agreed with me if we ignore the improper usage of terms.Originally Posted by DaveFagan
It's called peaceable cooperation. When everyone plays by the same rules and treats each other with mutual respect then everyone benefits. When certain groups attempt to take more than they otherwise would be able through the use of force or coercion then everyone is penalized and even those on the receiving end of plundered loot do not benefit to the extent they otherwise would with cooperation.Originally Posted by Proud South Korean
Hail to the King baby!
"Now we simply declare an IOU as allegedly real money which it most certainly is not."
No, I don't agree with you. The US $100 dollar bills are IOUs from us to whoever holds them. When they come back to this country and are used to buy genuine stores of value, the worm turns.