tag:blogger.com,1999:blog-2761684730989137546.post8557989511669832586..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Andrew Leonard — A libertarian nightmare: Bitcoin meets Big Government mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-79896297085466129852013-03-24T19:45:54.221-04:002013-03-24T19:45:54.221-04:00Common stock should never be accepted for taxes ye...<br />Common stock should never be accepted for taxes yet it is an ideal private money form. <br /><br />Common stock:<br /><br />1) Requires no borrowing or lending; assets (including labor) can be bought with new stock issuance.<br /><br />2) No borrowing or lending means none of the problems of usury.<br /><br />3) No borrowing or lending means deflation is not built in to common stock as money.<br /><br />4) Since every recipient of common stock becomes by definition a co-owner of the issuing company then price inflation is limited to the issuing company. This is an important moral consideration.<br /><br />Then why isn't common stock widely used as private money? Because "sharing" is more costly than stealing via the government backed usury for stolen purchasing power cartel, the banks?Anonymoushttps://www.blogger.com/profile/13859046687902645077noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52147546408961774662013-03-24T13:06:28.587-04:002013-03-24T13:06:28.587-04:00Eventually people will realise that a currency is ...Eventually people will realise that a currency is something you can discharge taxes with.<br /><br />Everything else is fundamentally just an asset. <br /><br /><br /><br /><br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com