Of course it is ethical to sell credit card equipment. Why not? Credit is legal and OK with us, right? I joined the LP, not Islam.
Besides, the cards are used for transactions and do not imply credit or currency in themselves. My Visa cards work in Peru for Soles, in Canada for Canadian dollars etc. (These have both RISEN relative to the US dollar, BTW). I can use cards for "debit" or "credit" depending on whether I want to access my own money or line of credit. How can this be unethical? What might be unethical, however, is the way loan documents and card statements are drawn. Yet the banks just follow the laws which states and Congress have passed. These require meaningless interest rate "APR" quotations, and allow vague changes in terms and conditions imposed automatically. The consumer does not get a clear picture of costs and terms, because of the statutes. Mutual understanding is the very essence of a contract under Common Law. Harland Harrison LP of San Mateo County CA >> From: Nicolas Leobold To: Nicolas Leobold Sent: Sunday, September 21, 2008 >> 1:16 AM Subject: [Libertarian] Is it unethical to sell credit card machines >> and service? >> >> >> Is it unethical to sell credit card machines and service? >> >> Many libertarians and certainly most Liberty Dollar activists rail against >> the current debt-based system, of which credit cards are so much a part. >> >> Recently I was presented with an opportunity to sell credit card processing >> and equipment for a very high commission structure, and as I am looking for >> additional income I am moving forward with pursuing this. >> >> The way I see it is, credit cards are not un-libertarian and anti- liberty >> per se. It is possible to have credit cards and credit lending while still >> having a silver and gold standard and economic liberty and self- ownership, >> although we don't have this right now. >> >> So what do you in the libertarian community think of this? Is it ok to take >> this job or should I feel guilty about perpetuating the credit card economy >> house of cards and facilitating more debt and more power for the banking >> industry, if in fact that is what I would be doing? >> >> Thanks for your thoughts, >> >> Nic Leobold >> >> www.NicLeobold.com >> >> www.RonPaulDollar.com >> >> www.SerfCity.us >>
