Ron Paul's Competing Currencies

Truth-Bringer · #1 (**permalink**) 01-29-2008, 02:00 PM

Ron Paul's Competing Currencies

An idea whose time has come...

http://www.lewrockwell.com/orig/brimelow3.html

Blade · #2 (**permalink**) 01-29-2008, 02:15 PM

Quote:

Originally Posted by Truth-Bringer

Ron Paul's Competing Currencies

An idea whose time has come...

http://www.lewrockwell.com/orig/brimelow3.html

Riiiight - just try paying for gas or groceries with your private money.

Truth-Bringer · #3 (**permalink**) 01-29-2008, 02:21 PM

Quote:

Originally Posted by Blade

Riiiight - just try paying for gas or groceries with your private money.

The legal tender laws need to be repealed first. Then you could have a fair competing currency system.

Truth-Bringer · #4 (**permalink**) 01-29-2008, 02:22 PM

Quote:

Originally Posted by Blade

Riiiight - just try paying for gas or groceries with your private money.

Private schools do a terrible job compared to public schools. Just try sending your kids to a private school and see how uneducated they become.

raytri · #5 (**permalink**) 01-29-2008, 02:27 PM

Quote:

Originally Posted by Truth-Bringer

The legal tender laws need to be repealed first. Then you could have a fair competing currency system.

You have yet to demonstrate either a widespread need or desire for it.

Me, I like a single currency. I even like fiat currency, as long as it's reasonably well-managed. Which is why I like the Fed system -- politicians aren't in charge of the printing presses; the market is.

Truth-Bringer · #6 (**permalink**) 01-29-2008, 02:35 PM

Quote:

Originally Posted by raytri

You have yet to demonstrate either a widespread need or desire for it.

Appeal to the Majority fallacy. Choosing a currency is a peaceful, honest, voluntary action. You have yet to demonstrate how adult individuals having the freedom to engage in peaceful, honest, voluntary actions is irrational.

raytri · #7 (**permalink**) 01-29-2008, 02:56 PM

Quote:

Originally Posted by Truth-Bringer

Appeal to the Majority fallacy. Choosing a currency is a peaceful, honest, voluntary action. You have yet to demonstrate how adult individuals having the freedom to engage in peaceful, honest, voluntary actions is irrational.

I'm just saying that unless there's widespread desire for a different currency, your proposal isn't going to go anywhere.

It's already legal to use anything you like as currency between consenting partners. I can give you gold bars or grasshoppers in exchange for goods, if you'll take them.

I know stekim has explained the legal tender laws to you in this thread:
http://politicalforum.com/showthread...der#post400787

But to repost:

Quote:

Originally Posted by stekim

First, as a buyer you are free to offer anything you like in exchange for goods and services. And a seller is free to accept anything (short of cocaine or such things). So that's done. You don't have to use dollars to buy things. Period.

Second, if you have a debt denominated in a legal tender, whether it be dollars, Euros or Swiss Francs, the party lending you the money MUST accept said legal tender as payment for said debt. Which makes total sense. But they can also accept anything else if they want. They simply can't refuse to take the legal tender. I can't see why this is an issue for anyone. Lend Euros, get Euros back. No evil conspiracy there.

Lastly, in any contractual arrangement the seller must accept legal tender from the buyer UNLESS ANOTHER FORM OF PAYMENT IS SPECIFIED. If I agree to deliver Raytri 10 horses in exchange for a ton of potatoes in six months, thereby creating a debt on his part, and he offers me cash in six months I DO NOT have to accept it. I may choose to accept it, but I don't have to. I get potatoes or I sue. As I've said repeatedly, we lend American companies doing business in Europe money in Euros. They CANNOT pay us back in dollars despite the dollar being "legal tender". Yet you keep erroneously claiming they must or can pay us in dollars. You're simply flat out wrong. And there is no point in continuing to repeat yourself and then wondering why I don't respond.

ABoyNamedSue · #8 (**permalink**) 01-29-2008, 03:50 PM

Quote:

Originally Posted by Truth-Bringer

Private schools do a terrible job compared to public schools. Just try sending your kids to a private school and see how uneducated they become.

Actually...it's the opposite. Government indoctrina...err...schooled kids consistently score lower than private schooled kids.

http://nces.ed.gov/nationsreportcard...es/2006461.asp

In grades 4 and 8 for both reading and mathematics, students in private schools achieved at higher levels than students in public schools.

raytri · #9 (**permalink**) 01-29-2008, 03:57 PM

Quote:

Originally Posted by ABoyNamedSue

Actually...it's the opposite. Government indoctrina...err...schooled kids consistently score lower than private schooled kids.

T-B agrees with you. She was being sarcastic.

Truth-Bringer · #10 (**permalink**) 01-29-2008, 06:07 PM

Quote:

Originally Posted by raytri

I'm just saying that unless there's widespread desire for a different currency, your proposal isn't going to go anywhere.

And what I'm saying as a point of logic is that such doesn't matter. The inherent right exists.

Quote:

I know stekim has explained the legal tender laws to you in this thread:
http://politicalforum.com/showthread...der#post400787

Stekim fails to the acknowledge the contradiction I pointed out in that post in his position. And again, the government and private banks maintain a de facto monopoly due to the massive volume of transactions they mandate to be conducted in federal reserve notes.

The core logic remains - every adult individual has a right to engage in any peaceful, honest, voluntary activity - and choosing a currency is a peaceful, honest, voluntary activity. Individuals are denied the right to negotiate with private banks and government in this activity due to the legal tender laws.

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