Finally, I’ll just mention that in the Wealth of Nations Adam Smith off-handedly mentioned acceptability in payment of taxes as a condition for inconvertible money not to be worthless. So the lineage of the idea, despite its somewhat disreputable and unorthodox associations, is really quite impeccable.Read it at Uneasy Money
Wicksteed on the Value of Paper Money
David Glasner | FTC economist
Expands on Nick Rowe's mention of Wicksteed's Chartalism. Extensive quotes on Wicksteed's Chartalism, as well as his anticipation of the Coase theorem.