ABSTRACT
2 Any individual may sign an ordinary note and give it as payment for a commodity, provided the seller agrees to receive it, as if it were money. In turn, this seller, if he buys another commodity, can give the same note as payment. The second buyer can pass it on to a third for the same reason. This is a commitment which circulates; it is of use to whoever wishes to sell, it is of use to whoever wishes to buy: it plays the role of an amount of money.
