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To: ahhaha who wrote (81845)	3/16/2001 8:27:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

Why wouldn't it be money? They don't just give it to you, you borrow it, whether it's by a secured note or an unsecured note. It's just pieces of paper sitting in a vault until you put it into the stream of commerce. Or else they give it to you when you write a check or cash a check but they won't give it to you that way unless you, or someone else, gave them other pieces of paper earlier. I am just saying paper, it could be notations in a computer data base. Sometimes it's sloshing around so fast they can't keep track of the transactions so they estimate the volume, but every transaction has two real parties, it's a transfer of real assets. Except for clerical errors each transaction can be calculated to the penny.

To: ahhaha who wrote (81845)	3/16/2001 9:54:15 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

>>A paper money consisting in bank notes, issued by people of undoubted credit, payable upon demand without any condition, and in fact always readily paid as soon as presented, is, in every respect, equal in value to gold and silver money; since gold and silver money can at any time be had for it. Whatever is either bought or sold for such paper must necessarily be bought or sold as cheap as it could have been for gold and silver.<< Adam Smith, The Wealth of Nations, Book 2, Chapter 2. eebook.myrice.com