Re: Fw: [gang8] Cartalism

["James R. Olson, jr." <jhavok@xxxxxxxx>]

At 08:48 AM 9/24/03 -0400, Gunnar Tómasson wrote:
>James:
>
>Another set of questions ought to yield equally illuminating answers:
>
>Here is a dollar.  Is it "weak money," or is it "High-Powered Money?"

If there is no way to distinguish one object from another, then they are
not different.  If you can't distinguish "weak money" from "strong money,"
then they are not different.

The SOURCES of the money supply can be distinguished from each other, and
the effects of manipulating them are different.  But if the person I buy my
sandwich or my stamping mill from cannot tell if the money I pay him with
is "weak" or "strong," then the only difference is rhetorical.
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