Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site ncsu.UUCP Path: utzoo!watmath!clyde!akgua!mcnc!ncsu!mauney From: mauney@ncsu.UUCP (Jon Mauney) Newsgroups: net.legal Subject: Re: Paid in Dollars? Message-ID: <2513@ncsu.UUCP> Date: Mon, 27-Feb-84 17:01:40 EST Article-I.D.: ncsu.2513 Posted: Mon Feb 27 17:01:40 1984 Date-Received: Tue, 28-Feb-84 15:31:51 EST References: <243@teldata.UUCP> Organization: N.C. State University, Raleigh Lines: 24 teldata!shad produces an amusing argument relating the value of the Federal Reserve Note (our motto: "Legal Tender for All Debts, Public and Private") to the value of true and legal money, being a gold coin weighing 25.8 grains of .9 fine. I have neither the training nor the interest to argue the interpretation of Constitution and statute concerning money, including the meaning of the phrase "gold and silver coin". All I have to say is: So What? (well almost all.) Why does anyone think that using gold for money will improve anything? Gold is a very useful material, and it should not be squandered on coins nor hoarded in a vault. It should be made into wedding rings, dental repairs, and electrical contacts. It is too precious to waste. Paper money, on the other hand, is based on cotton, a renewable resource. Using gold for money gives the impression that money is worth something. This mistaken impression is, I believe, the root cause of most of the evil in the world today. -- Jon Mauney, mcnc!ncsu!mauney (have you ever heard of anyone being North Carolina State University crucified on a cross of paper?)