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Source link: http://archive.mises.org/11732/the-state-grants-no-quarter-to-freedom/

The State Grants No Quarter to Freedom

February 25, 2010 by

What story is told by an examination of the United States’ coinage? It is a story of debasement and degradation, a story of decline in prestige, prosperity, and purpose. FULL ARTICLE by Chris Casey

{ 8 comments }

greg February 25, 2010 at 10:32 am

Enjoyed the article, it was kind of like watching the History Channel. But I think you are putting too much importance on coins and their impact on our current economy.

In the US, most of us empty our pockets of coins everyday to be thrown into a basket. Then once a month we give them to our kids as a special treat.

In England, most of the public uses them to pay all the damn parking meters.

Basically, coins have their use in circulation. If you made all your coins out of gold, silver, nickle and copper, they would not go into circulation as people would hold them. The government is not your precious metal dealer, for that you need to find your own coin broker where you can pay $1300 for $1080 worth of gold.

Andrew February 25, 2010 at 11:57 am

“In the US, most of us empty our pockets of coins everyday to be thrown into a basket. Then once a month we give them to our kids as a special treat.”

While that is true, the reason for it is because of the debasement of the currency perpetrated by the government, which was the point of the article.

In the absence of government, all monies would be fairly priced relative to one another by the market. It is the government, through legal tender laws and debasement, that interferes with the market creating the imbalances and thus the hording. Correct me if I am wrong, but in the late 19th century, gold coins circulated freely in the US with no hording.

billwald February 25, 2010 at 12:08 pm

Google “gold coin prices.” How does the US government interfere with the coin market market?

This website has ads for gold sellers. Every day my newspaper publishes the international exchange rate. The money traders are not “fair?”

You can buy and sell using any sort of coin you and the other party agree on. The only restriction is that US taxes must be paid with US money. This isn’t “fair?” You want to pay US and state taxes in pesos or yuan?

Jule Herbert February 25, 2010 at 3:27 pm

billwald: The government interferes with the “coin market” by imposing a capital gains tax on any nominal appreciation in the value of a precious metal coin in terms of paper dollars. This supposed gain is realized upon the transfer of the coin. This tax precludes, say, the government’s own currently minted Gold Eagle coin from serving as a medium of exchange and, of course, suppresses the demand to hold coins as money or future money.

Gil February 25, 2010 at 8:19 pm

If you only have to pay capital gains tax only only selling your gold coins then why sell them? Especially considering society is supposedly on the verge of hyperinflation and collapse.

Ken February 25, 2010 at 11:39 pm

Not that it means all that much (other than symbolically), but have you checked out the engraving on the latest round of dollar coins? They look like Chuck E. Cheese tokens. There’s a lesson in there somewheres….

Xeno77777 February 26, 2010 at 1:05 am

Three Stumbles! Great Britain was Great Until it adopted a Typical German Racist, George I, as King to replace James ll. When Racist Anglo-German Women first went out to India, they excluded the children of Anglo-Indian Parents! Ever after High Class Indians would not give their daughters to Englishmen. Britain’s Exclusion from India became merely a matter of Time and Opportunity! Evil-Crazy Neo-Platonist George III reacted to the American Revolution by wilfully vowing to Stomp Out “Oxford Scholasticism:” The Traditional Aristotle studies: dating back to the 1200′s! Third Final Stumble: Great Britain goes Off The Silver Standard; allows Tricky Financiers, Itching to Run a Corner on the Gold Market, to lead the Replacement of The Virtuous Silver Standard; with the Tricky Flim-Flammable Gold Standard! The Tricky Gold Standard Promoting Financiers, All deserved a Bernard Madoff Style 150 Year Prison Sentence!!! The book, “The Paper Aristocracy,” states why The US, and other Democracies need a Silver Standard: one; they need an Objective Metallic Standard; two; the need a Metallic Standard that is Valuable enough to transfer a useful amount of Wealth (unlike Sparta’s Iron Bars,) three; they need a Standard plentiful enough to discourage attempts to Corner The Market; four: that means a Silver Standard; five; a Silver Standard would help the U.S.’s Natural Ally, India, which has huge amounts in the hands of their Native Populace!!!

Evil-Crazy: one: refers to the Greek Word Akrasia: defined as doing a thing while Knowing Better.

Evil: is defined as Neo-Platonism, whose basis is the Irrational Allegorical Method; which can use anything to prove anything else. Having Abandoned Rationally, Neo-Platonist’s have no means of Resolving the Inevitable differences that arise, The differing Neo-Platonist groups must Shun one another, until one is ready to Launch a Violent Surprise Attack, either a Judicial Murder; Insurgent/Guerrilla Warfare; or Conventional Warfare!

All Neo-Platonism’s Are Religion’s; All Religion’s Are Neo-Platonisms.
Plato Abstracted Neo-Platonism from Athens Euro-Baal Religions; Plato use Neo-Platonism in a very controlled manner to avoid being Indicted for Impiety by the Euro-Baalam’s and put to Death, as Socrates, and later Jesus, was!

The First Writer to use Neo-Platonism Extensively, in All his works, was Philo Judaeus of Alexandria, Egypt. Philo’s was one of the two books Extant, from First Century Palestine. The other First Century Palestine book is “The Works of Joesephus.” Illiterate Plotinus adapted “The Works of Philo” to Roman Paganism; Saint Augustine of Hippo, read Plotinus, and Adapted Plotinus’ Adaptation to Christianity. “Pope Gregory The Great” had All of Aristotle Burnt except Aristotle’s Logic, and caused the Dark Ages! Pope Gregory The Greatt, needs to be renamed “Pope Gregory The Goofy.”

Emmanuel Swedenborg adapted Plotinus to Modern Times, in his book, “Heavenly Secrets,” which was Plagarized by Emmanuel Kant for his Obscurantist “The Critique of Pure Reason!” The Only American Philosopher Studied Abroad, Charles Sanders Perice, read “The Critique of Pure Reason,” at the Age of Twelve Years, and declared it “Full of Irreconcilable Contradictions.” Thomas Jefferson stated: My Philosophy…. is that of Old Aristotle,” Charles Sanders Perice stated: “My Philosophy is that of
Aristotle plus science.” In 1886 C.S.Perice published a Proposal to build a Digital Computer out of electrical relays, using George Boole’s Equations. Due to being Flacklisted by the Neo-Platonist Admi=nistrators of Harvard, Yale, and Johns Hopkins, Perice was unable to raise the Money to actually build his Digital Electrical
Relay Computer Proposal, for advanced mathematical calculations.
The First Actual Digital Electronic
Computer was actually built 53 tears later in 1939, of Electrical Relays!
Just think of where the US would be today, if the Digital Electronic Computer Age had begun 53 Years Earlier, in 1886! What The U.S. has Today, it would have had 53 Years A go! Thank Harvard, Yale, and Johns Hopkins for the 53 Year Delay!

Potomac Oracle February 28, 2010 at 11:24 am

Well how has the privately owned Federal Reserve’s control of our currency been working for you since 1913?

Where’s the stability?

How many periods of “asset rape” have occured since 1913 compared to all the years prior to then?

And, currency debasement is a fundamental objective of the Fed, without which it could not then acquire profits from fiat money/credit which stokes mindless consumption and needless taxation.

How would you audit this “glorious” private sector control of fiat money, to assure that you were not being Madoffed?

In the so called post-modern world the Empire’s demise is not of the state’s doing, but rather that of the ‘stateless’ private sector plutocrats.

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