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View Diary: Evil: DEA Bans Armored Cars From Picking up Pot Shop Cash (180 comments)

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  •  Ron Paul, is that you? (1+ / 0-)
    Recommended by:
    Dave925

    Let me guess, you want us to buy gold which actually has no worth outside of what it represents - just like all currency.

    •  I think you missed the point... (5+ / 0-)
      Recommended by:
      opinionated, mollyd, Yoshimi, hannah, kyril

      of what hannah's saying here. She's not arguing the silly Paulist position (which actually believes in the reality of "hard" currency) but rather pointing out that what's happening with our government's handling of currency now is a kind of shell game that depends on people not understanding it. Essentially, she's pointing out that the government says "there's no money" on the one hand to all those who want to spend it on things like social supports or education while at the same time they're (through the once-remove of the Federal Reserve) printing it in abundance and shoveling it out the door to the banks with the other hand, all for a purpose that doesn't benefit most of us.

      Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

      by Stwriley on Tue Aug 27, 2013 at 09:52:58 AM PDT

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    •  If Ron Paul Decided Shit had that same quality as (0+ / 0-)

      gold, then shit would indeed be gold in the Libertarian canon. It's only a matter of what the majority of people accept as having value and that's that.

      Roadside gravel works fine too.

      "We have become a Nazi monster in the eyes of the whole world - bullies and bastards who would rather kill than live peacefully. We are whores for power and oil with hate and fear in our hearts" - Hunter S. Thompson

      by Dave925 on Tue Aug 27, 2013 at 04:49:45 PM PDT

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      •  Not entirely (0+ / 0-)

        Currency works as a medium of exchange mostly because its quantity is limited, because its major purpose is to trade for things whose quantity is also limited. If you can just go out and get it for free in effectively unlimited quantities, you're not going to accept it in trade for something that actually takes work/limited resources to produce.

        It's true that currency only works because people accept it as having value. But it's not true that people will accept any old thing as having value. Or at least not in practical-sized amounts. If we went to a gravel-based economy, for instance, we'd be trading in wheelbarrows or even truckloads of gravel for relatively ordinary commercial exchanges.

        If it's practically possible to create unlimited quantities of a currency (as in electronic or paper money) then there need to be artificial restrictions on how much of it there is. Or if you're going to make it unlimited, it needs to be really hard to just go out and make a meaningful amount of it without engaging in commerce (as in online game economies). Gravel could qualify under the latter, but then "meaningful amounts" would be impractically enormous.

        "Let’s just move on, treat everybody with firmness, fairness, dignity, compassion and respect. Let’s be Marines." - Sgt. Maj Michael Barrett on DADT repeal

        by kyril on Wed Aug 28, 2013 at 01:15:35 AM PDT

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