Row 43352

Row ID: 43352 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 43352 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

You can have fractional reserve commodity-backed currency, so due to the multiplier, we can have far more such currency than reserves. So it's no more "goofy" than fiat. And if such currencies weren't effectively banned (e.g., cap gains tax, not usable in contracts, can't be used to pay tax), then competition among them would provide discipline. Probably the wouldn't be purely demand-deposit banks, because to prevent runs they could have rules limiting how much can be withdrawn at the discretion of the bank (e.g., payment only within a month).

FieldValue
text You can have fractional reserve commodity-backed currency, so due to the multiplier, we can have far more such currency than reserves. So it's no more "goofy" than fiat. And if such currencies weren't effectively banned (e.g., cap gains tax, not usable in contracts, can't be used to pay tax), then competition among them would provide discipline. Probably the wouldn't be purely demand-deposit banks, because to prevent runs they could have rules limiting how much can be withdrawn at the discret…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9kVGxZeEM3LWlHWlZ6ek9xSnFWR2EzY1czYWxNM1A0N1lrODRaaktoWHQ3SnRCaXJlV3Q3dmxScndqczVkczlNdmRQVXh6TGxEeVJqbERadnZtNTh6eXlVWmF6bmlMelJJbnc1azJQZlhndjRnOUVEb2duanVxb3BaMm15SjRTNlZNOENYbDdxMklTaWJjZHVNb0lMVEs2em9zcWwzRjR3Y184d3NvX1E5b2pZLWd5azN1S3AyTGIyMEpkX1o0TlpnVS16NGl6MVl1SllCMnRxOGw2cTBRQT09

Raw Record

{
  "text": "You can have fractional reserve commodity-backed currency, so due to the multiplier, we can have far more such currency than reserves.  So it's no more \"goofy\" than fiat.  And if such currencies weren't effectively banned (e.g., cap gains tax, not usable in contracts, can't be used to pay tax), then competition among them would provide discipline.  Probably the wouldn't be purely demand-deposit banks, because to prevent runs they could have rules limiting how much can be withdrawn at the discretion of the bank (e.g., payment only within a month).",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
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}
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