Oneofus on Nostr: I was thinking that when I lend you good money, I receive a promise from you to pay ...
I was thinking that when I lend you good money, I receive a promise from you to pay me back. I can then use that promise as a form of currency to make my own purchases. This means that two types of currency will begin to circulate: sound money (good money) and negotiable promissory notes (bad money). Unfortunately, as per Gresham's Law, bad money tends to displace good money from circulation.
Published at
2023-03-29 12:49:11Event JSON
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