Very good points!--- In [email protected], Harland Harrison
<[EMAIL PROTECTED]> wrote:
>
> 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
> >>
>
