Once upon a time there were de facto currency tiers of copper, silver, gold, and gemstones.
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...well, yes, but the idea was to separately stabilize aggregate demand and wages. Hard to do with metal as the unit-of-account.
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A sufficiently liquid, very expensive thing is that. E.g. real estate in expensive cities.
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Or fine art.
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How clever! We could refer to them as the 'mark' and the 'lira'.
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Have to imagine it'd be pretty disastrous- similar to an in-place shadow economy with lossy conversion.
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Can basically have with metal currency, gold and silver for rich and copper for poor where no fix rate of exchange.
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Ah, you beat me to saying this.
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food stamps are kinda part way there.
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Cuba kind of does, with its "convertible peso" tied to the US dollar, and a "regular" (nearly worthless) peso.
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Also check out "The City & The City" by Miéville!
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What are you thinking about? And how that would help?
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