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Originally Posted by Notorial dissent
Your knowledge, oh well, that’s what you get for buying remaindered knowledge. (1)Minting is an inclusive term that can and does refer to the practice of minting coin and producing currency or script, specifically the production of money. (2)One cannot counterfeit what one is authorised and charged to do, so again your statement lacks merit.
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Regarding (2), of course the Fed is still counterfeiting.
That's what I'm telling you: the Fed simply has a government-granted monopoly on the practice of counterfeting. I'm asking you whether (a) you believe that is right and just; and (b) whether or not you think there should be laws forbidding the government from granting monopolies on the practice of counterfeiting.
All you've done is foolishly "re-defined" counterfeiting and you foolishly believe this "fixes" the problem.
Oh, we have a "murder" problem? OK... well, we've now legalized murder. It's not a crime anymore... there, that fixes the problem. Or possibly, oh we have a "murder" problem. OK, well let's call the practice of killing another person "flarf-floggle" ... there, that fixes the "murder" problem doesn't it?
This is sophistry of the highest order, and is a one-way ticket into Hell.
Seriously.
Still the question stands: INDEPENDENT of the Federal Reserve (pretend that the Fed doesn't and never did exist); now, should there be a law forbidding the government from granting a monopoly on the practice of counterfeiting federal obligations?
What say you?