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To: E. Pluribus Unum
Money should be made to “serve” people, not to “rule” them, he said, calling for a more ethical financial system and curbs on financial speculation.

In a modern division of labor economy, the earning of money becomes an essential aspect of productive activity. This is because in order to live in such an economy, one must obtain the goods and services of other people. Those goods and services are not given away for free, nor, to any significant extent are they, or could they be, obtained through barter. To obtain the goods and services of others, one must possess money. Thus, if one's productive activity is to be appropriate to life in a division of labor society, that is, to be the means of obtaining the goods and services of others, it is essential that it be moneymaking. Only then, does one's activity make it possible for one to share in the benefits of a division of labor society.

4 posted on 05/16/2013 8:50:32 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: mjp

The “pope” thereby proves himself to have absolutely NO IDEA what money is. Very similar to an Obama drone.


7 posted on 05/16/2013 8:53:23 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: mjp

Speculation is what avoids shortages. Yes some make a lot of money, but they also take on a heck of a lot of risk to make that money....My problem is when government steps in and reduces the risk, at the expense of the taxpayers.


31 posted on 05/16/2013 9:18:21 AM PDT by dfwgator
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