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> Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance. First paragraph is all about the nation state. Curre
by branchless 9y ago
> Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.
First paragraph is all about the nation state. Currency is the state. Why would they give that up?
https://en.m.wikipedia.org/wiki/Currency https://en.m.wikipedia.org/wiki/Currency
- ceejayoz 9y agoThere's literally a section further down in the article you're citing that says: > In economics, a local currency is a currency not backed by a national government, and intended to trade only in a small area.
- branchless 9y agoYes, which is a specific thing that by the way doesn't occur in practice and has a word prefixed to it: "local". It's not a currency.