Terry L Parker [EMAIL PROTECTED] wrote: > Vic, fiat money IS a problem AND govt can have profound spiritual > effects!
there has been a clear separation of church and state since the french revolution. religion and spirituality are a personal issue that the gov is mandated to stay away from. > HONEST money is a useful 'medium of exchange' of values. > > US govt forces use of its fiat money via 'legal tender' laws. > > Politics, instead of LIBERTRIAN commerce, influences the value > of that govt coerced and value manipulated legal tender. > > AND, backing said currency with the 'full faith & credit' > of the USA means govt promises to mug America, if need be, > to maintain monetary values. That's preservation of > privately held (by a few) value via socialization of risk > (aka 'moral hazard' in financial terms) I am not quite understanding what point you are trying to make. george reismans book capitalism lays out a case for gold backed money but I dont see that it is necessary. so long as people will exchange products and services for cash then money does its job. the quantity of money has an effect on its value and regardless of politics, the goverments job is to keep the quantity of money in line with the amount of value being created in society. so you cant take government out of the picture. secondly its the reserve banks that are given this job so there is in fact some separation between politics and the value of money in this regard. Vic ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/KlSolB/TM --------------------------------------------------------------------~-> ForumWebSiteAt http://groups.yahoo.com/group/Libertarian Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/Libertarian/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
