<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/'><id>tag:blogger.com,1999:blog-36951752.post5910942919860849319..comments</id><updated>2010-11-15T06:50:54.826-05:00</updated><category term='abnormal psychology: fish-related legal projections'/><category term='rnc'/><category term='constitutionalism'/><category term='union'/><category term='cost benefit'/><category term='primaries'/><category term='OIRA'/><category term='nominations'/><category term='development'/><category term='Roger Waters'/><category term='elections'/><category term='dnc'/><category term='France'/><category term='labor'/><category term='Sunstein'/><category term='nlrb'/><category term='caucuses'/><category term='management'/><title type='text'>Comments on Dorf on Law: Can California Create Its Own Money?</title><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://www.dorfonlaw.org/feeds/5910942919860849319/comments/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default'/><link rel='alternate' type='text/html' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html'/><author><name>Michael C. 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rel="nofollow"&gt;菲&lt;/a&gt;,&lt;a href="http://www.freefun.com.tw/index-001.html" rel="nofollow"&gt;梵&lt;/a&gt;,</content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/8202663717844774398'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/8202663717844774398'/><link rel='alternate' type='text/html' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html?showComment=1250764133251#c8202663717844774398' title=''/><author><name>酒店ㄚ君姐姐</name><uri>http://www.blogger.com/profile/03177274726014297819</uri><email>noreply@blogger.com</email><gd:image xmlns:gd='http://schemas.google.com/g/2005' rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='http://4.bp.blogspot.com/_Y9uwrq6IB4g/Slbr_QJasLI/AAAAAAAAAAM/L5B4nIXTtDg/S220/DSC00308.JPG'/></author><thr:in-reply-to xmlns:thr='http://purl.org/syndication/thread/1.0' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html' ref='tag:blogger.com,1999:blog-36951752.post-5910942919860849319' source='http://www.blogger.com/feeds/36951752/posts/default/5910942919860849319' type='text/html'/><gd:extendedProperty xmlns:gd='http://schemas.google.com/g/2005' name='blogger.itemClass' value='pid-1885558119'/></entry><entry><id>tag:blogger.com,1999:blog-36951752.post-8703848978211673764</id><published>2009-06-29T16:32:04.602-04:00</published><updated>2009-06-29T16:32:04.602-04:00</updated><title type='text'>California has done this several times before--dur...</title><content type='html'>California has done this several times before--during the Depression and the various fiscal crises of recent years.  Many state employees maintain their bank accounts at a local credit union because the credit union honors the warrants.</content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/8703848978211673764'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/8703848978211673764'/><link rel='alternate' type='text/html' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html?showComment=1246307524602#c8703848978211673764' title=''/><author><name>PeonInChief</name><uri>http://www.blogger.com/profile/17611581585285022906</uri><email>noreply@blogger.com</email><gd:image xmlns:gd='http://schemas.google.com/g/2005' rel='http://schemas.google.com/g/2005#thumbnail' width='24' height='32' src='http://1.bp.blogspot.com/_kDkWD86JqLU/SLg4awH7CeI/AAAAAAAAAKo/4ela3YN90M4/S220/P1000249.JPG'/></author><thr:in-reply-to xmlns:thr='http://purl.org/syndication/thread/1.0' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html' ref='tag:blogger.com,1999:blog-36951752.post-5910942919860849319' source='http://www.blogger.com/feeds/36951752/posts/default/5910942919860849319' type='text/html'/><gd:extendedProperty xmlns:gd='http://schemas.google.com/g/2005' name='blogger.itemClass' value='pid-769844739'/></entry><entry><id>tag:blogger.com,1999:blog-36951752.post-9104781078389252703</id><published>2009-06-26T12:13:26.351-04:00</published><updated>2009-06-26T12:13:26.351-04:00</updated><title type='text'>I take Mike&amp;#39;s answer to mean that this is pure...</title><content type='html'>I take Mike&amp;#39;s answer to mean that this is purely a matter of form, which confirms my suspicions.  Surely a state could issue non-interest-bearing warrants, and people could trade them freely and treat them like money.  Even if the state does so fully knowing that it is creating a type of money, it still will not violate the Constitution because it does not purport to issue a piece of paper that is legal tender.  As a substance-over-form guy, I am surprised that I find this answer satisfactory.  Yet I do.</content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/9104781078389252703'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/9104781078389252703'/><link rel='alternate' type='text/html' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html?showComment=1246032806351#c9104781078389252703' title=''/><author><name>Neil H. Buchanan</name><uri>http://www.blogger.com/profile/17577335934943074615</uri><email>noreply@blogger.com</email><gd:image xmlns:gd='http://schemas.google.com/g/2005' rel='http://schemas.google.com/g/2005#thumbnail' width='24' height='32' src='http://4.bp.blogspot.com/_E-AbpNYZQpE/SK3oAehXiRI/AAAAAAAAAAk/uZyYz_3iR28/S220/Photo+2008+08+06.JPG'/></author><thr:in-reply-to xmlns:thr='http://purl.org/syndication/thread/1.0' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html' ref='tag:blogger.com,1999:blog-36951752.post-5910942919860849319' source='http://www.blogger.com/feeds/36951752/posts/default/5910942919860849319' type='text/html'/><gd:extendedProperty xmlns:gd='http://schemas.google.com/g/2005' name='blogger.itemClass' value='pid-1427711466'/></entry><entry><id>tag:blogger.com,1999:blog-36951752.post-4783610346088032982</id><published>2009-06-26T11:08:25.494-04:00</published><updated>2009-06-26T11:08:25.494-04:00</updated><title type='text'>The prohibition on states coining money is not vio...</title><content type='html'>The prohibition on states coining money is not violated by people voluntarily choosing to treat the state&amp;#39;s debts as negotiable. (This is why, e.g., states and municipalities can issue bonds--another form of debt that pays interest--that then trade in a market.). By contrast, as the greenbacks themselves say, they&amp;#39;re legal tender for all debts.</content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/4783610346088032982'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/4783610346088032982'/><link rel='alternate' type='text/html' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html?showComment=1246028905494#c4783610346088032982' title=''/><author><name>Michael C. Dorf</name><uri>http://www.blogger.com/profile/02021009233932690926</uri><email>noreply@blogger.com</email><gd:image xmlns:gd='http://schemas.google.com/g/2005' rel='http://schemas.google.com/g/2005#thumbnail' width='21' height='32' src='http://4.bp.blogspot.com/_EpNKsXhfB0o/SewC0V8AE_I/AAAAAAAAAA8/GI25Uf_u4RA/S220/dorf+cartoon.jpg'/></author><thr:in-reply-to xmlns:thr='http://purl.org/syndication/thread/1.0' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html' ref='tag:blogger.com,1999:blog-36951752.post-5910942919860849319' source='http://www.blogger.com/feeds/36951752/posts/default/5910942919860849319' type='text/html'/><gd:extendedProperty xmlns:gd='http://schemas.google.com/g/2005' name='blogger.itemClass' value='pid-493318476'/></entry><entry><id>tag:blogger.com,1999:blog-36951752.post-5835590046488824237</id><published>2009-06-26T09:08:11.684-04:00</published><updated>2009-06-26T09:08:11.684-04:00</updated><title type='text'>I love this, but I must say, I figured out the nat...</title><content type='html'>I love this, but I must say, I figured out the nature of money back in the 1960&amp;#39;s, when the subway fare was 15 cents, and I discovered that virtually any New Yorker would accept tokens as part of change of a dollar. &amp;quot;Gee,&amp;quot; I thought, &amp;quot;the next step is for merchants to accept tokens, and presto! the Transit Authority has created money! And if I were well known, I could issue IOU&amp;#39;s, and everybody would accept them, and I could create money!&lt;br /&gt;&lt;br /&gt;It does seem that paying interest legally differentiates California&amp;#39;s IOUs from money.</content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/5835590046488824237'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/36951752/5910942919860849319/comments/default/5835590046488824237'/><link rel='alternate' type='text/html' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html?showComment=1246021691684#c5835590046488824237' title=''/><author><name>bobmossnj</name><uri>http://www.blogger.com/profile/07364984863311266518</uri><email>noreply@blogger.com</email><gd:image xmlns:gd='http://schemas.google.com/g/2005' rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='25' src='http://1.bp.blogspot.com/_76UP8BHcm6M/SeM9ymspEHI/AAAAAAAAAAM/VTxKS6wDzkQ/S220/contra_Princeton_2008.bmp'/></author><thr:in-reply-to xmlns:thr='http://purl.org/syndication/thread/1.0' href='http://www.dorfonlaw.org/2009/06/can-california-create-its-own-money.html' ref='tag:blogger.com,1999:blog-36951752.post-5910942919860849319' source='http://www.blogger.com/feeds/36951752/posts/default/5910942919860849319' type='text/html'/><gd:extendedProperty xmlns:gd='http://schemas.google.com/g/2005' name='blogger.itemClass' value='pid-287218516'/></entry></feed>
