[extropy-chat] Bloodless Redistribution of Wealth(wasSingulartarians)

[Samantha Atkins]

On Dec 28, 2005, at 2:55 PM, gts wrote:

> It would destabilize the currency. $20 notes bearing Kenneth Lay's  
> photo (former Enron Chairman) printed a few years ago would be  
> worth less or more (probably less) today than $20 notes bearing  
> Bill Gates' photo printed this year.
>


No.  The value of currency is fixed by government fiat in the US.  It  
has a monopoly.  A $20 is a $20 if it is in circulation.  All $20  
bills lose value to inflation at the same rate.

- samantha