re: #24 000G

Hm…

So promissory notes that do get issued by banks in the US (example) cannot be used as a means of payment?

Two private parties can, between themselves, agree to any form of payment: the note issued by a bank, a gold ingot, or a pile of horseshit.

But the idea of legal tender is that you don’t have to negotiate that: if the obligation has been quantified, you can pay in “legal tender” and that’s the end of the discussion.