Pittsburg, Kansas | Yep. I have listened to a lot of hard money advocates over the years. Yes paper money is currency. It is a good transaction vehicle (or in todays world the digital equivelant).
Or as J.P. Morgan once said, "gold is money, everything else is credit".
Anything that says Federal Reserve on it is a debt instrument. It is a "note". It was loaned into existance by a bank.
Edited by John Burns 12/28/2025 10:26
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How money is created
