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Re: Windsock post# 103582

Wednesday, 08/10/2011 12:01:50 PM

Wednesday, August 10, 2011 12:01:50 PM

Post# of 151823
Windsock, you're arguing over the "nuance" between printed and electronic money.

Currency issued by the US Treasury does not disappear as it moves about in the economy.



Yes, but once the currency is deposited into a bank, that bank can turn it into electronic money if it so chooses. Isn't this the way, for example, old wrinkled bills get taken out of circulation?

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