[burlesona]

I think you’re right... it seems to me like this would only work if it was accompanied by a law along the lines of this money having some final redemption value, or some venues that were required to accept it.

For example if this “stamped money” expired at the end of the year, everyone is required to accept it until then, and for six months afterward it can be redeemed at a bank for fifty cents on the dollar... then instead of people refusing to take it you’d have a big flurry of holiday shopping but increasing prices for stamped money at the end as its value neared the drop off. You would also have some people probably try to gamble on acquiring a lot of that money at a discount before its expiration thinking they could flip it in time or acquire it for less than its redemption value from people who just wanted to unload it.

It’s an interesting thought experiment.

But I think in today’s world of mostly electronic money, something like this would be much harder to pull off. It would presumably only apply to cash - since the entire banking system would have to revise itself to track expiring dollars separately - and I think rather than seeing a lot of adoption you’d be more likely to see many businesses suddenly stop accepting cash entirely.