Friday, March 15, 2013

Money Wisdom #104

"...I have argued that much of the early work on e-money has been the result of its conceptualization of money exclusively in terms of the function of medium of exchange. Many of the debates are strikingly similar  in their confusion to those that arose with the acceleration of the transition from metal to paper during the nineteenth century."

Geoffrey Ingham The Nature of Money (2004) p.187

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