Starndards for weights and measures and coinage of money

Some people see a benefit in having a brand name on their clothing, that’s value to them. The only fair way to find out what something is worth is to let natural market forces determine how much they’re willing to pay for it. Preferably not in terms of fake fiat money, but some true standard of measurement of value.

It’s interesting that Congress is authorized by the USA Constitution to set standards for weights and measures, in the same paragraph authorizing coinage of money:

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

And in Section 10, in the list of prohibitions on the States is “make any Thing but gold and silver Coin a Tender in Payment of Debts”.

Which, in real-world English, actually prohibits the legalization in any state of the use of Federal Reserve Notes as tender. But they paid never mind to the Constitution in 1913 when they passed this law. They said they were doing it to save the poor account holder and the economy itself from the abuses of big bankers, and to make them behave.

So to stop the abuse at the hands of big bankers, they gave control to a privileged group of big Bankers over the whole economy through control of the money and interest rates. And that bank cartel now is the formal and legal owner of the Federal Reserve, which miraculously has escaped all the overwhelming regimen of government financial controls and regulatory mayhem that has burdened all the rest of the private sector.


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