Re: [OPE-L] Where does the money comer from : was Why aren't non-labourers sources of value?

From: Rakesh Bhandari (bhandari@BERKELEY.EDU)
Date: Wed May 04 2005 - 14:38:21 EDT

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Claus wrote

>The expansion in the use of banknotes depended, I think, on the
>development of the banking system, geographically and in terms of safety,
>which on the other hand was dependent on the development of the means of
>communication, including transport. Thus it is not a purely “monetary”
>phenomenon.


even in what is I imagine your third language, 
your points are so illuminating that I wish I 
could agree with your analysis of the role of 
gold today!

yours, rb

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