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

[Samantha Atkins]

On Dec 29, 2005, at 11:56 AM, gts wrote:

> On Thu, 29 Dec 2005 06:02:40 -0500, Samantha Atkins  
> <sjatkins at mac.com> wrote:
>
>> No.  The value of currency is fixed by government fiat in the US.   
>> It has a monopoly.
>
> The value of our currency is not fixed in any way, Samantha. All we  
> know for certain is that a $20 bill is worth 20 times more than a  
> $1 bill. But how much is a Bill Gates $20 bill worth compared to an  
> Al Capone $20 bill?
>

You are incorrect.  The value of a $20 is exactly the same by fiat  
until it becomes a matter of collector or numismatic interest.  A  
circulating $20 will have $20 purchasing power regardless by law.

- s