Comment: you assume people will always

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you assume people will always

you assume people will always leave all of their money in the bank, and you assume that there has to be only one monopolistic note which can be exchanged at one monopolistic banking system for said gold. You also assume business would only accept the note. The note is never as good as the gold, but the businesses are free to accept the note, accept the gold, accept either, or accept none.

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