Comments on: Liberty Dollars = Bad, BerkShares = OK? http://www.flashpointblog.com/2007/11/22/liberty-dollars-bad-berkshares-ok/ The Unpredictable Union of Pragmatism, Idealism, and Cynicism Fri, 21 Nov 2008 19:25:53 +0000 http://wordpress.org/?v=2.6.2 By: walt moffett http://www.flashpointblog.com/2007/11/22/liberty-dollars-bad-berkshares-ok/#comment-14484 walt moffett Fri, 23 Nov 2007 18:49:15 +0000 http://www.flashpointblog.com/2007/11/22/liberty-dollars-bad-berkshares-ok/#comment-14484 I think it the magic cookie is to use is "this is a token of barter" not currency. Then the Mint claims only it under US law only it can make coins that are legal tender. Casino chips used to taken as cash once upon a time, but lately, I noticed signs in the casinos saying the chips had no value off the gaming floor. I did notice the wait staff prefer cash to chips. Liberty Dollars for some reason reminds of the fractional reserve bank note plan. I think it the magic cookie is to use is “this is a token of barter” not currency. Then the Mint claims only it under US law only it can make coins that are legal tender. Casino chips used to taken as cash once upon a time, but lately, I noticed signs in the casinos saying the chips had no value off the gaming floor. I did notice the wait staff prefer cash to chips.

Liberty Dollars for some reason reminds of the fractional reserve bank note plan.

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