Arguments for state-monopolized currency

[Dan.]

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I have little opinion either way.


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You don't seem like a very good anarchist. [img]/images/graemlins/tongue.gif[/img]

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Meh. Somethings just don't strike my argument bone. Although, I have used a local currency though, called a Madison "hour" set to 1 MH = $10. Seemed gimmicky. But I almost always use credit/debit, so it really is just numbers to me.

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What's the point of using a different currency if it's tied directly to the USD in it's worth? Or was that just what the conversion was at that point?

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Sounds like some "labor theory of value" influenced quackery to me.

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Shake: yeah, that was just the conversion rate.

pvn: Pretty spot on. The idea was that 1 "hour" of work ought to have x purchasing power given in return.

I'm pretty sure it died off a few years ago; I haven't seen any in a long time.