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To: egarvue
The real question is why can't we issue our own currency interest free?
23 posted on 04/09/2003 1:34:22 PM PDT by jd777
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To: jd777
why can't we issue our own currency interest free?

Who do you mean by "we" and what do you mean by "issue"?

That money is issued and distributed by a banking system that lends it out at interest is only one part of the problem.

As long as new money can be costlessly issued and distributed by any issuing authority that the rest of us are legally bound to honor, there will a problem. An honest monetary system must maintain both scarcity integrity and distributional integrity.

27 posted on 04/09/2003 8:36:31 PM PDT by Deuce
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