As we repay debt (6) and pay taxes (7)... this also drains dollars from the economy. Loan repayments and taxation literally destroy dollars. It's been this way for centuries by the way. Money today is not too different from the tallysticks used 2000 years ago. [13/n]
en.wikipedia.org/wiki/Tally_s...

@profyarrow.bsky.social if I wanted to read up on the history of tallysticks as a form of primitive fiat currency, what would you recommend?

Do you think the pages have Arabic numbers? Or did our tiny tommeh insist on tallysticks?

Finally got my hands on these 2 Cardsmiths series 1 currency cards.

I did the art for the #tallysticks and #litecoin

"How tally stick evolved from ancient notches; how tally sticks functioned as a money in the wider economy... #TallySticks, #Money, #Fiat, #Economics, #Macroeconomics, #ModernMonetaryTheory #MMT

mmt101.substack.com/p/tally-stic...