Austrians Need Constitutional Right to Pay in Cash, Mahrer Says
Link:
http://www.bloomberg.com/news/artic...nstitutional-right-to-pay-in-cash-mahrer-says
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From the article:
"Austrians should have the constitutional right to use cash to protect their privacy, Deputy Economy Minister Harald Mahrer said, as the European Union considers curbing the use of banknotes and coins."
"'We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,' Mahrer said on Austrian public radio station Oe1."
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I agree. While I do support alternative "currency" including digital, bitcoin, as well as "private" currency such as the Raam Mudra (TM) or the Republic of Texas currency, I think Americans also should have the constitutional right to use cash, or for that matter Raam Mudra.
What do you think?
Besides the constitutional right to use cash, if a community or a bank can issue their own currency, I think they should have the right to do so.
For example, let us say an investor has 200 million in gold bullion. I think that this investor has a right to purchase a bank, issue the bank's own currency backed by gold, and if others would like to make bank deposits but withdrawls in this currency and if some store such as a chain of grocery stores owned by the same investor takes this currency to buy vegetables, so be it. It doesn't mean the government cannot get their taxes later once total sales for one month are assessed and taxes offset by the excange rate against the FFR rate (not dollar) is made.
Like "Apple Bucks" for example, with a picture of a 1980s era Macintosh.
Link:
http://www.bloomberg.com/news/artic...nstitutional-right-to-pay-in-cash-mahrer-says
-------
From the article:
"Austrians should have the constitutional right to use cash to protect their privacy, Deputy Economy Minister Harald Mahrer said, as the European Union considers curbing the use of banknotes and coins."
"'We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,' Mahrer said on Austrian public radio station Oe1."
-------
I agree. While I do support alternative "currency" including digital, bitcoin, as well as "private" currency such as the Raam Mudra (TM) or the Republic of Texas currency, I think Americans also should have the constitutional right to use cash, or for that matter Raam Mudra.
What do you think?
Besides the constitutional right to use cash, if a community or a bank can issue their own currency, I think they should have the right to do so.
For example, let us say an investor has 200 million in gold bullion. I think that this investor has a right to purchase a bank, issue the bank's own currency backed by gold, and if others would like to make bank deposits but withdrawls in this currency and if some store such as a chain of grocery stores owned by the same investor takes this currency to buy vegetables, so be it. It doesn't mean the government cannot get their taxes later once total sales for one month are assessed and taxes offset by the excange rate against the FFR rate (not dollar) is made.
Like "Apple Bucks" for example, with a picture of a 1980s era Macintosh.