A Quote by Alan Greenspan
As long as we issue fiat currency, I see no alternative to a legal tender law.
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Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
The regulator banned cryptocurrency... then there was an order from the Supreme Court. So, in the absence of any strong law, it was very important for us to come out with a comprehensive law-one for the private digital currency and second for the government for its digital form of currency, or the virtual currency.
Many countries are looking at the virtual currency and the digital currency. Now, the issue is a virtual currency by the government, digital currency by the government that is one area to look but on the other hand, there are private cryptocurrencies as well.
I mentioned it yesterday: I'm one of these people that - I don't - like, on the abortion issue, it's not something that - I'm very uncomfortable talking about it. I'm not gonna kid you. It's a very uncomfortable thing. I think that it's a legal issue. Definitely a legal issue. It's been decided upon by our Supreme Court.
There is currency to celebrity, or celebrity is a currency... You can spend it in a lot of ways, or you can squander it. You can be taxed, as well. I really started thinking long and hard about how to use that currency as long as I had it.
It's not the Church that has made the issue of marriage a matter of federal law. Those who are vigorously advocating for something called same-gender marriage have essentially put that potato on the fork. They're the ones who have created a situation whereby the law of the land, one way or the other, is going to address this issue of marriage. This is not a situation where the Church has elected to take the matter into the legal arena or into the political arena. It's already there.
If I go home, get a gun, come back and shoot you, that may not be legal under New York law because you would have alternative ways to defend.
I don't think central banks are going to give up fiat currency anytime in my lifetime.
Thus those reformers, who look for a remedy by creating artificial carrying-costs for the money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost in order to retain its quality as money, or in analogous ways, have been on the right track; and the practical value of their proposals deserves consideration.
If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People.
If anything had or could have a value equal to gold and silver, it would require no tender law; and if it had not that value it ought not to have such a law; and, therefore, all tender laws are tyrannical and unjust and calculated to support fraud and oppression.
To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.
Addiction is a health issue, not a social issue, not a crime, not a legal issue.
No legal tender law is ever needed to make men take good money; its only use is to make them take bad money.
Convergence of technology and the judicial system is the need-of-the-hour. We need to go digital and adopt online analysis of legal cases. Dissemination of legal knowledge to the common man will also a go a long way in improving the law and order situation in the country.
Any time a country transitioned to a fiat currency, they collapsed. That's just world history; you don't have to know about cryptocurrency to know that.
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