15 Dec 2017 4:32 pm
https://www.youtube.com/watch?v=K8tD2gdvs_4&t=2988s
cannonpointer: "Still is a friend of paper money. About half way through, he denounces those who cite Art. 1 Sec 10 in arguments against fed notes as misreading that article - but offers no alternative read.A friend of paper money is an enemy of the nation.''
...benjamin franklin was an enemy of the nation?...
...if you mean by 'paper money', 'fiat money' i offer the following defintion of money by monetary historian alexander del mar: "...what is commonly understood as money has always consisted, tangibly, of a number of pieces of some material, marked by public authority and named or understood in the laws or customs: that its palpable characteristic was its mark of authority; its essential characteristic, the possession of value, defined by law; and its function, the legal power to pay debts and taxes and the mechanical power to facilitate the exchange of other objects possessing value..."
..and the historian Knapp exposes ludwigger ooga-booga gold bug theories: "I hold the attempt to deduce the nature of money without the idea of a state to be not only out of date, but even absurd"..
https://www.forbes.com/sites/pascalemma ... ffcae3dd5d
cannonpointer: "Still is a friend of paper money. About half way through, he denounces those who cite Art. 1 Sec 10 in arguments against fed notes as misreading that article - but offers no alternative read.A friend of paper money is an enemy of the nation.''
...benjamin franklin was an enemy of the nation?...
...if you mean by 'paper money', 'fiat money' i offer the following defintion of money by monetary historian alexander del mar: "...what is commonly understood as money has always consisted, tangibly, of a number of pieces of some material, marked by public authority and named or understood in the laws or customs: that its palpable characteristic was its mark of authority; its essential characteristic, the possession of value, defined by law; and its function, the legal power to pay debts and taxes and the mechanical power to facilitate the exchange of other objects possessing value..."
..and the historian Knapp exposes ludwigger ooga-booga gold bug theories: "I hold the attempt to deduce the nature of money without the idea of a state to be not only out of date, but even absurd"..
https://www.forbes.com/sites/pascalemma ... ffcae3dd5d