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Appropriates the status "legal tender", should be money.
Examples when courts obliged creditors to accept on account of monetary claims
Such goods, as tobacco which hardly it is possible to name money, Nussbaum,
Money in the Law, National and International, Foundation Press, Brooklyn,
1950, pp.54 - 55.>
The superstition denied by existence of spontaneously arising money
In consciousness of public, however, the term "lawful means of payment" is shrouded
Fog of vague representations about necessity of the state as source
Supply by money. It is a vestige of medieval idea what
The state somehow gives to money value, which they on
To itself would not possess. And it, in turn, is correct only in that, very much
Narrow sense that the government can force to accept us on account of a debt
Everything that will consider necessary, instead of about what we agreed originally;
Only in this sense it can give to a substitute the same value from the point of view
The debtor, as that which the object originally appearing in possessed
The contract. But superstitious representation that to the government (usually, for
Importance dense forest called by "state") it is necessary to define that should be
Money as though it has created money which without it would not exist,
Roots, possibly, in naive belief that such tool as money, should
To be it has been thought up and passed us by a certain initial inventor.
This belief has been completely undermined by our understanding of spontaneous occurrence in
Process of social evolution of projected institutes by nobody,
As which axiom money can serve. Other major
Examples such are language, the law and morals. When the dear
German professor Knapp has revived the medieval doctrine in our century
valour impositus, it has laid a way to the policy who in 1923 has finished
The German stamp to 1/1000 000 000 000 its former costs!
Private money it is more preferable
Certainly, money can exist (and existed) without any participation
The governments. They even appeared quite satisfactory, though it and
Seldom it was possible to exist for a long time. (Incidental
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