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From:
lucafiorito <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Sun, 26 Sep 2010 17:56:29 +0200
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These two may help -- unfortunately one is in German.
lf

Private Production of Scrip-Money in the Isolated Community 	
Timberlake, Richard H 	
Journal of Money, Credit, and Banking, vol. 19, no. 4, November 1987, pp. 437-47
This paper examines the appearance of one type of privately-produced currency, which had
the generic label "scrip." This money appeared at widely different times and places in
the United States between 1820 and 1940 in spite of federal laws prohibiting its issue.
The most sophisticated and best developed example of scrip seems to have occurred in the
coal mining regions of Appalachia, especially in West Virginia. This experience and its
implications for monetary behavior are examined here.


Geld- und steuerpolitische Ideen von Irving Fisher. Erinnerungen eines Mitarbeiters.
(Certain Monetary and Tax Policy Ideas of Irving Fisher--Reminiscences of a Member of
His Team. With English summary.) 	
Cohrssen, Hans	
Kredit und Kapital, vol. 28, no. 2, 1995, pp. 298-313
During the Great Depression, Cohrssen (1905), as a proponent of the ideas of Silvio
Gesell, advocated that self-liquidating substitute money called stamp scrip be issued in
the U.S. He was able to win Irving Fisher, the leading economist at the time, for his
ideas and became his closest collaborator in the period from 1932 to 1942. Cohrssen
describes Fisher's style of work and his productivity as a proponent of stable money and
underlines in particular Fisher's demand for eliminating the private banking system's
credit creation monopoly--a proposal that may sound utopian still today. Not less
utopian seemed his 1942 proposal for eliminating income taxation and for replacing it by
consumption tax--a proposal that is attracting attention in the current tax policy
discussion.

See also

The making of national money:
territorial currencies in historical perspective
Eric Helleiner
Cornell University Press, 2003


On Sun, 26 Sep 2010 01:23:06 -0700, Robert Leeson wrote
> Is there any literature on dated currency (currency that has an expiry date as 
> legal tender) as an assault on the underground economy?
> 
> Robert Leeson
> [log in to unmask]


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