What Is Money? Is It Immoral?

Fiat Money vs. Real Money

“What is money? Is it immoral?”

 

First of all there must be a clear distinction between currency vs. money. Currency is something that is portable, durable, divisible, fungible, medium of exchange, and a unit of account. Historically many things have been used as currency such as cows, sea shells, beads, exotic bird feathers, spices, sugar, salt, copper, cigarettes, lumber, nails, stamps, candy etc. They have all come and gone for various reasons such as lack of coincidence of wants, lack of common measure of value, lack of standard of deferred payment, difficulty in storing wealth, and indivisibility of goods. This is an extended topic in itself.

 

Money contains all these characteristics plus being a store of value over a long period of time. This singularly significant attribute is what catapults money light years ahead of currency. Over thousands of years of voluntary consensual trade, gold and silver have emerged as superbly suited. They have been chosen through the natural selection of the market as the preferred commodity to facilitate trade. This function has been served splendidly until agents the State took control of it, thereby subverting these most enviable characteristics and perverting them to fulfill the wicked desires of those in power.

 

 

Second of all a clear distinction must be made between forced vs. natural currency. Forced currency is that which occurs by State decree or legislative mandate. It is the most horrid of all forms of currency as it exists only to serve its master, the State. Natural currency is chosen by free people to trade in but which is eventually abandoned due to its inability to satisfy all the needs of a successful currency.

 

Money is simply a tool to facilitate trade. It easily transfers value from one party to another for the purposes of a transaction. It is one of the most useful and beneficial of all human inventions. It’s existence should be celebrated not maligned.

 

 

https://steemit.com/economics/@danilo-cuellar/what-is-money-is-it-immoral

 

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Seeds of Liberty Podcast Episode 71: Jeff Berwick, Founder of Dollar Vigilante

Jeff Berwick White Suit

Please enjoy this recent episode of the Seeds of Liberty Podcast. This week we were joined by Jeff Berwick, of the Dollar Vigilante, and we had Bodhi Agora sitting in for Danilo. Herein we discussed the beginning of the Dollar Vigilante, “The Creature From Jekyll Island”, the horrors of central banking, the inevitable collapse of the U.S. dollar, Hillary Clinton and the CFR, Trump: the anti-war candidate, negative interest rates, Steemit, and more!

 

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Bennett Hunter: Libertarian, Anarchist, Host and Founder of Canadian Libertarian

Please enjoy my recent conversation with Bennett Hunter. Herein we discuss how he became a Voluntaryist, Canada devotion to monarchy, Statism is the most dangerous superstition, church dogma, celebrating blasphemy, universal morality, Voluntaryism is a wildfire spreading, learning self-reliance, recognizing reality, truth is not a numbers game, we can limit our deity, legal plunder, you think everybody would be like an angel fallacy, “government” does not create anything, private individuals create everything, Capitalism is win/win, Free Market incentives, the State encourages conformity and dependency, bringing humanity into adulthood, broken window fallacy, government borrowing and the Federal Reserve is financial enslavement of the unborn to maintain current luxury, the purpose of interest rates, inflation is theft of the value of currency, spontaneous order permeates the natural world, we are born desiring peace and cooperation and more!

 

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Thomas Sowell

 

 

 

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