Comment: Is that because bank notes would be issued by the individual

(See in situ)


Is that because bank notes would be issued by the individual

bank and not the central bank so that they would know exactly how much paper money they had in relation to physical metals?

Also you share your name with a handy Australian Spin bowler see below'

http://en.wikipedia.org/wiki/Tim_May

Lord Acton, Lord Chief Justice of England, 1875 - "The issue which has swept down the centuries and which will have to be fought sooner or later is the People v. The Banks."