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@ 8Petros [$ rm -rv /capitalism/*]
2025-02-13 06:53:29
Something seemingly obvious I was missing for years, and now I am looking for explanation.
An archetypical scene from a #WesternMovie is, when a #BountyHunter delivers a heap of (ususally dead) villains to a local #sheriff, claiming huge amount of money as promised by publicly distributed wanted posters.
Now, I am curious about the economics behind that system. The #OldWest was running rather slow #money #circulation, and local reserves of cash were small. A public bounty posters, accumulated in any given sheriff's office, if cashed en masse, would easily kill local bank liquidity. On the other hand, waiting for a train or wagon to bring more money was probably not practical for a hunter who just killed someone with friends in the heigbourhood.
So, any of you #history buffs can explain how it worked in reality?