|
|
|
|
| The "Good News" (Gospel) > Archives > Other Writings 1979-1985 > The Money Creator's Hoax |
The Money Creator's HoaxAugust 26, 1981
The myth
perpetrated by the money creators revolves around the claim that,
because any defined unit of a commodity can serve as a unit of exchange
(a unit of money), the unit can be undefined or "variable". It is said
that, because gold, silver, cattle, shells, etc. can all serve as
money, and because the unit can be varied (ounce, pound, dollar, etc.),
the unit of measure is not fixed, and therefore need not be defined.
It can be varied. It can be arbitrary, and changed by legislation. It
can be whatever the authority says it is.
We can see the fallacy
by asking whether the unit of length (foot, mile) need not be defined
simply because any accepted length will serve as a unit of measure.
The fact that any defined unit will serve for measurement does not mean
that we can measure with an undefined unit. The undefined unit is the
ultimate dream of the dishonest and crooked merchant, especially if he
is given the authority to define the unit for others in transactions
with them. It is the ultimate "double standard" or "diverse weight".
It is legalized fraud. It is insanity. It should be no surprise that
it leads to a collapse of commerce. An elastic measuring rod does not
promote trust.
[]
|
|
|
|
|
|
|