Why Issue Treasuries?

[Fife]

What's money?

What would it take for you to get a: hot shower; a fresh shave; clean, neat, comfortable, and fashionable clothes; some stimulating discussion; a fulsome dinner; a belly-full of intoxicants; and some really nice sexual activity to cap it off?

Yep, that right there is money.

When's the last time gold failed you for any of that stuff?

[DBTrek]

What's money?

What would it take for you to get a: hot shower; a fresh shave; clean, neat, comfortable, and fashionable clothes; some stimulating discussion; a fulsome dinner; a belly-full of intoxicants; and some really nice sexual activity to cap it off?

Yep, that right there is money.

When's the last time gold failed you for any of that stuff?

When was the last time holding victims at gunpoint failed to get someone that stuff?
Is pointing guns at people money?

[Martin Hash]

If it's stupid but it works it's not stupid.

It's not even stupid, except that it allows aristocracies to develop.

At the risk of belaboring the obvious - aristocracies existed long, long, long before fiat currency.

It's DAMN HARD to prevent aristocracies. My god, you're a Royalist, so is everyone posting in this thread. Preventing an aristocracy is what I'm trying to do - probably impossible.

[DBTrek]

Sorry ol’ chap, I’m an elitist, not a royalist. And I’m certainly not some sing-a-long, pod person, filthy collectivist that believes everyone is equal, everyone is entitled to the same reward, and everyone deserves a trophy.

I’m like Mother Nature - Some are born to excel, many are born to survive, and some can’t keep up with the environment so they’re on their way out.
/ shrug

[Martin Hash]

Sorry ol’ chap, I’m an elitist, not a royalist. And I’m certainly not some sing-a-long, pod person, filthy collectivist that believes everyone is equal, everyone is entitled to the same reward, and everyone deserves a trophy.

I’m like Mother Nature - Some are born to excel, many are born to survive, and some can’t keep up with the environment so they’re on their way out.
/ shrug

And that applies to heirs? Aristocracies require massive wealth inheritance.

Sorry to burst your bubble, but your boy probably ain't gonna be smart as you. Smarter maybe, but how you live your life will not make him worthy (or unworthy).

[DBTrek]

The bond between parent and child transcends government and economic theory. Parents leave their children a legacy knowing that the world is a hard place and every advantage they pass on will increase their child’s chance for survival.

How many heirs lose their wealthy inheritances? Most of them. How many aristocrats fell from grace and wound up with nothing but their titles and the clothes on their backs? Almost all of them.

So I don’t see inheritance as some specter that’s oppressing the masses.

[Martin Hash]

It IS the problem. If opportunity was more spread out, people wouldn’t have to resort to ridiculous fantasies.

[DBTrek]

It IS the problem. If opportunity was more spread out, people wouldn’t have to resort to ridiculous fantasies.

If opportunity was more spread out?

Opportunity is freely available to all. It’s not a commodity that can be hoarded. Children from the worst circumstances can write multi platinum albums. Invalids confined to wheelchairs can develop ground breaking theories about the universe. Stay at home moms can take stocking fabric and turn it into a multimillion dollar clothing for hefty folks.

What does opportunity spreading even look like, and why must the kulaks be liquidated for it to happen?

[doc_loliday]

Gold is still valuable, dollars can't take that away so don't worry. But all the gold that exists on the planet doesn't come close to the value of fiat curriences. Theres not enough, we'll be exchanging dust and atoms. Gold is fiat folks, its valuable because its valuable.

[Martin Hash]

It IS the problem. If opportunity was more spread out, people wouldn’t have to resort to ridiculous fantasies.

If opportunity was more spread out?

Opportunity is freely available to all. It’s not a commodity that can be hoarded. Children from the worst circumstances can write multi platinum albums. Invalids confined to wheelchairs can develop ground breaking theories about the universe. Stay at home moms can take stocking fabric and turn it into a multimillion dollar clothing for hefty folks.

What does opportunity spreading even look like, and why must the kulaks be liquidated for it to happen?

Did you just use Rock Stars as an example of opportunity? What fantasy world do you live in?