On 19/10/2020 16:34, Pancho wrote:
> A quick Google reveals that Sweden introduced banknotes (paper money) in
> 1661, under Kristina. Presumably this was on TNP's radar

Not me guv.

I never mentioned Sweden.

That was some other bloke.

> as we have
> recently almost completely stopped using cash in the UK, due to Covid.
>
> Paper money helped to enable government debt, but the UK built the
> British Empire using debt so I don't know why TNP considers this a
> betrayal. Perhaps he will explain?
>
I have no idea what you are taking about.

Nothing wrong with debt, but what is pernicious is no gold standard to
back it up.

Paper money is so easy to debauch to hyper inflation.

>


--
How fortunate for governments that the people they administer don't think.

Adolf Hitler

--- SoupGate-Win32 v1.05