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Sep 15, 2006

Feds Denounce Liberty Dollars


by Liberty and Power


I like how USA Today refers to the fiat money as the"real" "real" money.

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Jonathan Dresner - 9/15/2006

There are other "local exchange value" systems which are legal, varieties of scrip, etc. I remember hearing about one which exchanged time -- people bought and sold services in labor-hours.

But they are participatory, bear no resemblance to US currency. The biggest problem this particular system seems to have is its similarity to official currency and the various attempts to pass it off as "legal tender for all debts public or private."

Anna Shook Ghonim - 9/15/2006

Why is it "illegal" to use this money with other people who also use it? Is bartering now also illegal? What if my son mows his grandmother's yard for payment of a CD of his favorite group?

I mean, as long as the other person is agreeing to accept it and also uses it, it seems to me that it can't possibly be illegal. If you are trying to pass it as US Treasury money, that is a different issue. But it is totally different looking, this is not counterfeiting.