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Monetize or Demonetize?

This effort needs to be very short on my part, so as to introduce a report from history, where my part is intending to show the reader that the past is useful when the goal is to understand, and deal with, the present.

No one would have the least concern in Liberty, which is sanctuary from aggressive offenders, sanctuary for runaway slaves declaring their independence from slave masters, if someone else dared to demonetize them.

Modern aggressive offenders demon-etize.

Demonetization cannot happen in free markets free from aggressive offenders.

All those who are now suffering demonetization, all over the World Wide Web, are enslaved by their masters who have consolidated power, and have Monopolized the market of ideas.

It is much worse than that, but the good part is always good, each individual can expose the aggressive offenders and demonetize them, in a bigger way.

The Monopoly Powers steal everything that can be stolen from anyone still capable of producing anything worth stealing, including children, and then The Monopoly Powers invest the stolen loot into all the work required to keep on stealing everything, including children.

Children, for example, are sent to Monopoly Power Indoctrination Centers, where their infantile minds are infected with infantile thoughts, keeping those infants in an infantile state, and this is not subject to argument. If you argue against this fact that matters you do so out of infantile ignorance, if instead you actually grow the fuck up, and look into the evidence, you would no longer be misdirected into an futile argument, a pathetic argument, a pathological argument, and an infantile argument, you would instead be empowered to defend against the Monopoly Power, rather than working to empower it.

Just as the Monopoly Power decides which products will be produced, who produces them, how they are produced, how much is produced, etc., the Monopoly Power also funds or un-funds the market of ideas: demonetization.

Is it good for the Monopoly Power, then fund it. Is it not good for the Monopoly Power, then demonetize it.

How, then, are the people who are not good for the Monopoly Power going to demonetize the Monopoly Power?

Follow the money.

"First in the importance of its evil influence they considered the money monopoly, which consists of the privilege given by the government to certain individuals, or to individuals holding certain kinds of property, of issuing the circulating medium, a privilege which is now enforced in this country by a national tax of ten per cent., upon all other persons who attempt to furnish a circulating medium, and by State laws making it a criminal offense to issue notes as currency.

"It is claimed that the holders of this privilege control the rate of interest, the rate of rent of houses and buildings, and the prices of goods, – the first directly, and the second and third indirectly. For, say Proudhon and Warren, if the business of banking were made free to all, more and more persons would enter into it until the competition should become sharp enough to reduce the price of lending money to the labor cost, which statistics show to be less than three-fourths of once per cent. In that case the thousands of people who are now deterred from going into business by the ruinously high rates which they must pay for capital with which to start and carry on business will find their difficulties removed. If they have property which they do not desire to convert into money by sale, a bank will take it as collateral for a loan of a certain proportion of its market value at less than one per cent. discount.

"If they have no property, but are industrious, honest, and capable, they will generally be able to get their individual notes endorsed by a sufficient number of known and solvent parties; and on such business paper they will be able to get a loan at a bank on similarly favorable terms. Thus interest will fall at a blow. The banks will really not be lending capital at all, but will be doing business on the capital of their customers, the business consisting in an exchange of the known and widely available credits of the banks for the unknown and unavailable, but equality good, credits of the customers and a charge therefor of less than one per cent., not as interest for the use of capital, but as pay for the labor of running the banks.

"This facility of acquiring capital will give an unheard of impetus to business, and consequently create an unprecedented demand for labor, – a demand which will always be in excess of the supply, directly to the contrary of the present condition of the labor market. Then will be seen an exemplification of the words of Richard Cobden that, when two laborers are after one employer, wages fall, but when two employers are after one laborer, wages rise. Labor will then be in a position to dictate its wages, and will thus secure its natural wage, its entire product.

"Thus the same blow that strikes interest down will send wages up. But this is not all. Down will go profits also. For merchants, instead of buying at high prices on credit, will borrow money of the banks at less than one per cent., buy at low prices for cash, and correspondingly reduce the prices of their goods to their customers. And with the rest will go house-rent. For no one who can borrow capital at one per cent. with which to build a house of his own will consent to pay rent to a landlord at a higher rate than that. Such is the vast claim made by Proudhon and Warren as to the results of the simple abolition of the money monopoly.”

Benjamin Tucker, State Socialism and Anarchism:
HOW FAR THEY AGREE, AND WHEREIN THEY DIFFER, 1888

Josf-Kelley 8 Sep 24
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