Why does Ron Paul / libertarians want government issued money?

[dsm56]

On this point I do actually agree with the current mainstream economists about private reserve banks not being a bad thing since they are not influenced by idiots in government.

Obviously currently they are influenced by government which is why there's so much money printing going on.

But I think this is a pretty fundamental conflict in most libertarian philosophies. Why do you want to remove government from everything but then want them in the most important part of society?

Question:
One of the main ways government can influence what money is accepted is how they accept payments of tax. If there were several entities issuing money in a country how would government collect tax? Or is this the fundamental reason we have the current forced money we do now, so government can actually collect tax?

 

[pfgannon]

Where did you get this info? I don't recall Ron Paul ever endorsing federally issued monies.

Fiat currency does make it easier to collect taxes, but more importantly, it forces people to participate in their manipulated economy.

 

[guerilla]

Why does Ron Paul / libertarians want government issued money?

They don't.

On this point I do actually agree with the current mainstream economists about private reserve banks not being a bad thing since they are not influenced by idiots in government.

Everyone is influenced by government.

But I think this is a pretty fundamental conflict in most libertarian philosophies. Why do you want to remove government from everything but then want them in the most important part of society?

Again, they don't. Not real libertarians anyway.

Question:
One of the main ways government can influence what money is accepted is how they accept payments of tax. If there were several entities issuing money in a country how would government collect tax? Or is this the fundamental reason we have the current forced money we do now, so government can actually collect tax?

A free market in money makes tax collection very difficult, which is why every government tries to seize control of the monetary system so they can tax.

There was a free market in money in the US in the 18th and 19th centuries. There was no income tax.

 

[Andrey]

The reason the current system is flawed is because you have PARASITES issuing currency and loaning it to the government with interest rate. There is not enough money in the system to ever pay back the debt to the bankers that do nothing.

Money is backed by nothing. The whole planet is busting their asses to create goods and services, but no matter how much we produce or how much technological progress there is, we owe more to parasites than there is in the system.

Cool system, eh?

 

[eVandals]

On this point I do actually agree with the current mainstream economists about private reserve banks not being a bad thing since they are not influenced by idiots in government.

They are influenced by worse people, central bankers. The "idiots in government" are pieces on the chess board for the bankers running shit. These banking and corporate interests mostly drive how politics are conducted, it's been that way for a very long time.

Reserve banks are a layer which operates under the guise of "stability" for our nation but really only benefits the elite who have a vested involvement in them. They make money from our defense budget, wars, federal programs, inflation, etc because they're the ones that loan the money to our government for these things with interest. As Andrey said above, it's likely we will never be able to pay down the continual and growing debt that is owed to these parasites.