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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (49014)	6/22/2006 12:21:11 AM
From: Solon	Read Replies (1) \| Respond to of 90947

"there is nothing extrodianry special about money. Anything can be used as a medium of exchange." I would never assert the contrary of the latter. The former may be correct in the context you may have intended. It is certainly not correct in general. "The constitution doesn't forbid any money other than gold or silver" But it forbids it as legal tender for any State because it desires a commonality of monetary policy based on enduring value as was the Federal policy. That has since been modified, as you are aware. "You can indeed pay a debt with American money, and you can service it with any money that the creditor has agreed to accept" You can pay a debt with peanuts, whiskey, or sex if the creditor agrees to such settlement. This hardly informs any point I feel it useful to attempt the making of... "Even if it did that would only make paper money illegal, it wouldn't make it something other than money." You're responding to an article I posted from another party. I want you to know that the above is not an issue of interest for me. My interest is that money purports to represent a value (sometimes physical labor, sometimes a product in demand). If the labor is a value then it ought to trade (through the medium of money) on a proportionate value basis to other products and labors. If money distorts this proportionality of value then odd and sometimes unpleasant things may happen. Currently, these odd and unpleasant things may be laundered through third world countries. And I have no intention of explaining it any further...