Posted on February 20, 2010 at 10:30am
No. To be considered Money, something must have intrinsic (innate) value (worth). Gold and Silver could be made into money. Federal Reserve "Notes" are not money.
They aren't even notes.
To be a note, there must a due date, for when the note is exchangeable for something valuable (gold, silver, etc.) There are no due dates on Federal Reserve Coupons, nor can they ever be redeemed for anything of value.
Federal Reserve Coupons are often called dollars. They are… Continue