On 11/7/19 7:44 pm, Kim Holburn wrote:
I noticed that. I seem to recall that in the past banks created their own
currency.
And the present.
That's assuming that the increasingly strange country that I was born in
is currently in the present. (Now *there's* a sentence that Terry
Pratchett could have used, particularly pertinently in 'Making Money').
There appear to be 10 such banks right now:
https://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling
Funny-peculiar reigns:
https://sluggerotoole.com/2018/06/13/the-bizarre-story-of-banknotes-in-the-united-kingdom/
___________________
https://www.therightnote.com.au/articles/private-banknotes-in-australia-1817-1901/
<https://www.therightnote.com.au/articles/private-banknotes-in-australia-1817-1901/>
Surely in other countries too.
On 2019/Jul/11, at 2:28 pm, JLWhitaker <[email protected]> wrote:
On 11/07/2019 9:16 AM, Kim Holburn wrote:
Money has, until the rise of decentralized cryptocurrencies, been an instrument
of the state and central banks. Never before had a company decided to just
start issuing money of their own. Until now.
Historically not true. Look up scrip.
Jan
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