From: | The Deb Decker <RJR96326@****.UTULSA.EDU> |
---|---|
Subject: | Monopoly Money |
Date: | Fri, 10 Sep 1993 18:23:15 -0500 |
>to redeem. As such, it makes a great deal of sense for the the corp to
>want to control this, so it can control its debt obligation to random
>strangers.
The corp controls this debt by controlling how much money it issues, not
by who is holing it. If Area prints $100, they only owe $100, whether it's
to employees, customers, or Horror Mechwarriors.
>At the same time, making corp script only accepted from
>employees provides you with a stronger control over them; if they hold
>substantial amounts of corp script, they have an incentive to stay with
>you.
True. But you're approaching it from the wrong direction. Rather than
say corp scrip is valid only from employees, take it from anyone but
don't pay the employees in anything but scrip. Even if they exchange it
for Nuyen, they have the incentive to keep the corps strong because if
it falters their exchange rate will be worse than Lira (or Pesos, for those
of you who haven't lived in Europe).
>Trading in corp script by non-corpers is not technically illegal except
>in the corp extraterritoriality zones. It's just not accepted outside them
>in situations where it would be too much of a hassle to redeem, and it will
>be accepted for less than its nominal true value, since it has to be fenced
>to be worth anything.
Also true. It will only be accepted outside the corporate grounds if the
accepting agency will get something out of it. BTW, Pizza Hut gives REALLY
BAD exchange rates in Germany. Go to a bank before you hit the hut.
>Corps can issue true currency if they want to; they're called 'stocks'
>and 'bonds'.
To an extent, this is also true; a dollar bill is in many ways just a
certificate or bond backed by the government. Six of one, say I, though
I'm sure there are some subtle nuances between them.
J Roberson