[lbo-talk] Why no world currency?

[Tayssir John Gabbour]

On 2/21/07, Sean Andrews <cultstud76 at gmail.com> wrote:
> Anyway, I was hoping someone on the list could shed some light on this
> question: why can we not have a world currency? Either through
> references to other conversations or your own formal or informal
> understanding.

I think we can imagine a federation which provides its own currency,
one which isn't bounded geographically like nation-states. Precursors
(from the corporate world) could be those e-money places, or maybe
even things like frequent-flier miles.

Of course, this does not necessarily preclude localized currencies...
And I'm not particularly thinking of a given economic system like
mixed capitalism or whatever.

A reasonable currency which isn't limited by geography may have
efficiency advantages.

Tayssir