(OPE-L) Re: On the mango theory of money

From: glevy@PRATT.EDU
Date: Sun May 30 2004 - 20:55:44 EDT

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Hi Paul C.

> Can you cite a historical instance of a money commodity
> in a capitalist society?

At the risk of stating the obvious:

Gold (or silver) formerly served as a money commodity in
many capitalist social formations -- especially in Marx's
time.  But, I agree that even when there was a money
commodity the state played an essential role in the monetary
system.

In solidarity, Jerry

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