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?)