Fiduciary versus Scriptural Currency

Dharma Addict

There are two kinds of money:

  • Fiduciary currency, banknotes and coins, the value of which is based on confidence in the banking system
  • Scriptural currency, credit cards, checks, bank payment orders, transfers of funds which only require a signature and is payable in the short term.
  • The value of scriptural money is not questioned.

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