Re: Re: Soldiers pay and narcotics?

From: donald_at_...
Date: Sat, 26 Jun 2004 14:26:23 GMT


In message <40DD5EE8.8070901_at_...> Mark Wallace writes:
>I doubt anyone cares about counterfitting... the issue is seniorage. Who
>gets the difference between the face value of the coin and the silver
>content?

AFAIK there should be no difference between the face value of the coin and the value of the metal content. Seniorage is a pretty modern idea, previous attempts to devalue coinage (Henry VIII springs to mind here) didn't work because people in general and merchants in particular valued the coins less so that sooner or later the government had to go back to a gold or silver standard. Seniorage relies on people having enough trust in the government's promise to accept tokens at face value.

>If the answer to that question is not "Someone who paid a huge bribe to
>official government for the privilege", expect military action.
>Military action where the officers involved resent the duty, and are
>open to being bribed. What a cool scenario seed.

Which is the same scenario as counterfitting, except it introduces an anacronistic concept of coinage which isn't supported by anything published on Glorantha.

-- 
Donald Oddy
http://www.grove.demon.co.uk/

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