<div dir="ltr">I like the idea of trading in chicken feet. Unfortunately what will happen is that a lot of people will jump on the chicken feet bandwagon and decide that chicken feet are awesome because they aren't controlled by the government and that they're distributed in nature. Further, they're ledgered by the cryptic, but not 100% untraceable, featherchain. The false value of chicken feet will soar because like any get rich quick scheme--they have no other value except as a false currency. However, I'm going to mortgage my home to purchase a lot of chicken feet because I think the value will continue to increase. The downside is if chicken feet split into nails, scales, and tendons--chaos will ensue because then there won't be a single "standard" currency on which to rely. Gosh, on second thought, I think I'll stick with dollars. I mean, I realize that fiat currency is old, tired, and outdated but hey some of us are just anachronists and prefer to deal with tangible assets.<div><br clear="all"><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div><div>Thanks,</div><div><br></div><div>Ken</div><div><br></div>Kenneth Hess<br>(918) 919-0411<br>Twitter: @kenhess<br><div>Skype: kenneth_hess</div><a href="http://www.kenhess.com/" target="_blank">kenhess.com</a> - <a href="http://frugalnetworker.com/" target="_blank">frugalnetworker.com</a><br></div><div>Filmmaker - Podcaster - Reviewer - System Administrator - Writer</div></div></div></div></div></div></div></div></div></div></div><br></div></div><br><div class="gmail_quote"><div dir="ltr">On Tue, Nov 27, 2018 at 3:25 AM Tom Geller <<a href="mailto:tom@tomgeller.com">tom@tomgeller.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div style="word-wrap:break-word;line-break:after-white-space">This strikes me as strange because of something taught to me in an economics class 15 years ago: Taxes are one of the only pinchpoints where government can insist on payment in dollars. <div><br></div><div>Even if the rest of society starts trading in chicken feet, by insisting on dollars the government ensures that they continue to have value. (No dollars? We're putting you in jail.) When the Hungarian pengő bills became near-worthless in 1945, what replaced them? Tax certificates ("adópengő").<div><br></div><div>Perhaps I was mistaught, or that economic model is no longer valid. Or perhaps the state is sticking it to the federal government. (In the latter case, I'd expect some lawsuits and public statements.) In either case, I don't get it.</div><div><div>
<div dir="auto" style="color:rgb(0,0,0);font-family:Menlo;font-size:14px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;word-wrap:break-word;line-break:after-white-space"><br class="m_-835358312779625314Apple-interchange-newline">---<br>Tom Geller * Writer & Video/journalist * <a href="http://tomgeller.com" target="_blank">http://tomgeller.com</a><br> Rotterdam, The Netherlands, +31 (0)6 87071468<br> Oberlin, Ohio * +1-415-317-1805</div><div dir="auto" style="color:rgb(0,0,0);font-family:Menlo;font-size:14px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;word-wrap:break-word;line-break:after-white-space"><br></div><div dir="auto" style="color:rgb(0,0,0);font-family:Menlo;font-size:14px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;word-wrap:break-word;line-break:after-white-space"><br></div><br class="m_-835358312779625314Apple-interchange-newline">
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