If gold was really to be demonetized, then the enormous stocks relative to flows would have to be dissipated first through consumption. |
Finally, Malic said, starting January 1, 2017, demonetized banknotes will no longer have monetary value. |
But by 4 February 1797, when the mandates were officially demonetized, the revolutionary experiment with paper money was at an end. |
In an economy that only three years ago was as demonetized as Cambodia under the Khmer Rouge, people are now allowed to fix bicycles, repair shoes and sell sundries at sidewalk stands. |
The dollar remains a stable currency backed by a highly productive economy with low inflation and by the assurance that it will not be demonetized, recalled, or devalued. |
We're well over a decade into this utopia of demonetized sharing and almost everyone who does the kind of work that has been collectivized online is getting poorer. |