The State will leave you alone if you pay fiat

Government exists to create demand for fiat...

The State is nothing more than an entity which is unprofitable yet survives through the use of force. The force (and subsequent fear) used to generate a demand for taxes is what enables the State to issue a currency that has no value. We make a peace offering to the State in the currency issued by the State.

Legal Tender Guidelines
Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender. It does not mean that any ordinary transaction has to take place in legal tender or only within the amount denominated by the legislation. Both parties are free to agree to accept any form of payment whether legal tender or otherwise according to their wishes. In order to comply with the very strict rules governing an actual legal tender it is necessary, for example, actually to offer the exact amount due because no change can be demanded.

We need fiat in order to be left alone by the State... without threats of violence there would be no spontaneous demand for fiat.


We might as well agree (for everyone) to spend three days a week digging a hole and filling it up again.

The 4 Ways to Spend Money by Milton Friedman
http://www.youtube.com/watch?v=Un4-eI1T71E

1. You spend your own money on yourself.
2. You spend your own money on someone else.
3. You spend someone else's money on yourself.
4. You spend someone else's money on someone else.


"There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income." - Milton Friedman

Fox News interview (May 2004)


It is naive to believe in the State because people care about themselves before they care about other people.

15th February 2009


Fiat is only valuable if someone has less than you. (17th Feb'09)