Out of thin air? "Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
posted by kliuless
on Apr 14, 2011 -
A common dollar for Canada and the U.S.? With the Euro unit of currency slowly coming into common use, it's only natural for other continents/countries to follow suit. How would this affect the national identity of Canada? Is this a sensible thing to do? What are the benefits and deficiencies of such a plan?
posted by ashbury
on Nov 17, 2001 -