Comment: +1 On "Elasticity"

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Cyril's picture

+1 On "Elasticity"

On "Elasticity" :

I quote :

"End The Fed", by Ron Paul, pages 156, 157 :

"[...]Even the Bible is clear that altering the quality of money is an immoral act. We are instructed to follow the rules of "just weights and measures". "You shall do no injustice in judgment, in measurement of length, weight, or volume. You shall have just balances, just weights, a just ephah, and a just hin" (Leviticus 19:35-36). "Diverse weights are an abomination to the Lord, and a false balance is not good" (Proverbs 20:23). The general principle can be summed up as "You shall not steal" (Exodus 20:15).

The Bible assumed that money was a precious metal and honest weight and measures were to be practiced. The words of Jesus even contain a germ of the Austrian theory of the business cycle, which addresses the problem of unsustainable investments. "For which one of you, when he wants to build a tower, does not sit down and calculate the cost to see if he has enough to complete it ? Otherwise, when he has laid a foundation and is not able to finish, all who observe it begin to ridicule him" (Luke 14:28-29).

Although some claim love of money itself is the root of all evil, others say that it is dishonesty in money that has been a major source of evil throughout history.[...]"

(emphasis mine)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius