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Who has the right to create the money?

 
Miri2019
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06/29/2021 08:01 AM

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Who has the right to create the money?
A conceptual financial question:

Who has the right to create the money, central banks or the average person in the street?

*This question stems from the recent proliferation of virtual currencies where normal people can create their money.
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Anonymous Coward
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06/29/2021 08:04 AM
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Re: Who has the right to create the money?
mercury
is he?... no
Anonymous Coward
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06/29/2021 08:14 AM
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Re: Who has the right to create the money?
It's all fake. A false pretense in lieu of the concept of an exchange of energy where otherwise nothing tangible, concrete or abstract, exists.

Born into bondage, rather than an inherent right to be free.

Just my too sense and a wooden nickel.
Anonymous Coward
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06/29/2021 08:20 AM
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Re: Who has the right to create the money?
Real money is when Joe Average makes or has a chair and writes a monetary note for it. That note can be traded around until someone turns it in for the chair. Real money is supposed to vanish once used.
Anonymous Coward
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06/29/2021 08:20 AM
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Re: Who has the right to create the money?
Who can enforce on you their money to use is the better question.
syncro

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06/29/2021 08:21 AM
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Re: Who has the right to create the money?
Who has the right to ask?
larry4812

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06/29/2021 08:21 AM
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Re: Who has the right to create the money?
they print it for themselves at this point, no?

Thread: Theory on Money's relationship to the Universe

Last Edited by larry4812 on 06/29/2021 08:22 AM
“The cosmos is within us. We are made of star-stuff. We are a way for the universe to know itself.”

- Carl Sagan
syncro

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06/29/2021 08:24 AM
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Re: Who has the right to create the money?
We are free to trade with whatever we like.
Anonymous Coward
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06/29/2021 08:32 AM
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Re: Who has the right to create the money?
they print it for themselves at this point, no?

 Quoting: larry4812


Yes, and lend it further on interest becoming usury. Usury on funny money they printed for themselves.
Anonymous Coward
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06/29/2021 08:33 AM
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Re: Who has the right to create the money?
We are free to trade with whatever we like.
 Quoting: syncro


Taxes you have to pay in their money.
Anonymous Coward
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06/29/2021 08:36 AM
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Re: Who has the right to create the money?
Only people who wear hats of the small persuasion are allowed to conjure up "money", that must be paid back with interest!

lflashdrevillflash
syncro

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06/29/2021 08:36 AM
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Re: Who has the right to create the money?
Then a common currency by consensus of the market, and properly instituted government, oh boy.
Anonymous Coward
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06/29/2021 08:37 AM
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Re: Who has the right to create the money?
the owner.
TheFool
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06/29/2021 08:37 AM

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Re: Who has the right to create the money?
bump
***All in my opinion of course***
DangerClose

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06/29/2021 08:38 AM
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Re: Who has the right to create the money?
We are free to trade with whatever we like.
 Quoting: syncro


trumpthis

I prefer to secure my wealth in the 2 metals that have always been valued by mankind since it's discovery thousands of years ago.

There are people out there now purchasing land with their metals instead of this fiat we got floating around globally.
My posts that can be misconstrued as "extreme" and/or "radical" are satirical.

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Saint Lance the Odd from BC

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06/29/2021 08:38 AM
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Re: Who has the right to create the money?
'Money'? Those who mine it. Which includes Au, AG and BTC.
Toil for it.
If you are not busy weaving your own magick, you are trapped in anothers spell.
“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius
is he?... no
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06/29/2021 08:39 AM
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Re: Who has the right to create the money?
Anonymous Coward
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06/29/2021 08:40 AM
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Re: Who has the right to create the money?
Only Jid from the sandland.
syncro

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06/29/2021 08:42 AM
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Re: Who has the right to create the money?
I suppose government needs to issue a legal tender. Taxes are necessary for military.
Anonymous Coward
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06/29/2021 08:43 AM
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Re: Who has the right to create the money?
Money Changers still in the Temple.
no worries
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06/29/2021 08:43 AM
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Re: Who has the right to create the money?
got time to commit another tv crime
Anonymous Coward
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06/29/2021 08:46 AM
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Re: Who has the right to create the money?
Everyone can. The issue comes when you need a central trading unit of value.

"money" is just an agreed upon unit of value. If you need your lawn cut and don't want to do it, and I agree to cut your lawn if you watch my house while on vacation. The amount of time spent on each action was seen as having the same value for those involved.
Anonymous Coward
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06/29/2021 08:49 AM
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Re: Who has the right to create the money?
Who can create a child? Anyone.

Who should create a child. Anyone who can provide for and protect said child.

People voted for this through millennia of action and lack of it. Rather, total revocation of the consequences of failing to do so proper.
Anonymous Coward
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06/29/2021 08:51 AM
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Re: Who has the right to create the money?
Everyone creates their own money. It is simply representative of the energy used to complete a task. I write a BILL and that is the first form of money. I then exchange it for a cheque. Now the bill has been discharged and the value transferred into cheque form. Again, exchange it for public tender and wala. It’s just like magic
Miri2019  (OP)

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06/29/2021 09:35 AM

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Re: Who has the right to create the money?
Who has the right to ask?
 Quoting: syncro


That's not the point. As said the question is conceptual.
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Miri2019  (OP)

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06/29/2021 09:36 AM

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Re: Who has the right to create the money?
Then a common currency by consensus of the market, and properly instituted government, oh boy.
 Quoting: syncro


That sounds about right, if I didn't misunderstand you.
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syncro

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06/29/2021 10:58 AM
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Re: Who has the right to create the money?
What a time we live in. Authoritarian control over money always depended on control of medium, which is disappearing.
SoulWinner

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07/03/2021 12:09 PM

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Re: Who has the right to create the money?
From my gut...and vague memory of money & credit theory in college:

There is no inherent right, but the government has the resources to impose its monopoly authority to do so.

It also depends on how you define money. Societies with worthless currency often use other nations' currency for trade. The "official" East German exchange rate with West German marks was 1:1. The real exchange was sometimes 1:20 or higher.
...Loving souls, starving trolls...
Anonymous Coward
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07/03/2021 12:14 PM
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Re: Who has the right to create the money?
only Lord Rothschild.

anyone else make such attempts will be met with 'US military' and demoncracy
Crypto-Tard

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07/03/2021 12:17 PM

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Re: Who has the right to create the money?
Who can enforce on you their money to use is the better question.
 Quoting: Anonymous Coward 75766347


Legal tender. Forcing people to use "the king's money".

benjamin meme
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
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07/03/2021 12:19 PM
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Re: Who has the right to create the money?
Paper money is the ultimate ponzi scam, so the wording should be Who has the right to scam others?





GLP