A question about banking in AC

[Bob Moss]

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Even if we eliminated paper money right now, it's silly to believe that money wouldn't reemerge in a rational market. Do you honestly think people are going to go to the trouble of storing all of their wealth in material goods? "Tickets" to represent claims on goods are just easier to use. In a free market, someone would start a business producing money for people to use in lieu of goods and it would gain traction because it's so much easier.

[/ QUOTE ]

Redeemable tickets are indeed a good idea, and hard money advocates/ACers are not against this. The import difference is that you could turn in this ticket for something real, while there is no guarantee that federal reserve notes are worth anything.