The Origins of Money

Kanes: The real weak link in state credit theories of money was always the element of taxes. We pay ur taxes so that the government can provide us with services, he says. All of this is said to go back to some sort of original social contract - but no one really knows exactly whn or why we should be bound by the decisions of distant ancestors on this matter. It's a position that has emerged quite recently, and at first largely amidst debates about the nature of the ura.