If a monopoly in paper or milk or oil is a bad thing because it raises prices while lowering quality...

22  2014-01-07 by dieyoung

...why is a monopoly on money a good thing? What about a monopoly on law, which is essentially all a government is (a monopoly on law and money)? Isn't the quality of the law and money of a society the most important element to having a prosperous nation (or planet)? If yes, then which is wrong, the theory about monopolies or the theory about governments?

27 comments

Why is there only one Monopoly Commission? ;-)

We can either work on changing that now as a united nation or continue to be uninformed and ignorant, causing total loss of freedom.

Fellow Americans, they want us to believe any effort is hopeless. They WANT you to think that everyone is clueless, but there are many of us out there who know what is happening and have power to fight it. In 50 years, do you still want to have the ability to decide how to live your life?

Please do your own research. Quit believing the liberal media. Think for yourself.

http://www.freedomworks.org/

Who do you think you are reaching with the tone of this comment? You're offputting to the choir and damn if the rest of the church would respond to your tone....

How embarrassing when a poor person is out and about carrying the word for the billionaires.

Paid for by the Koch Suckers.

A slight symantic adjustment: the monopoly is more on the use of force rather than law. Anyone can make rules, and they do. The government is unique in that it is basically defined as an entity that has a monopoly on the use of force in a geographic area.

But you are correct. This is a very bad thing for the reasons we see today. That kind of power starts off limited and well intentioned, but invariably slides toward tyranny as it acts as a beacon for sociopaths.

perhaps the problem is with the theory of money?

perhaps. but then what about the government being the only agency that can dictate law and unilaterally chooses who is right and who is wrong, including cases involving the state itself (ie, police brutality, NSA domestic spying etc)?

oh, i meant

*as well.

First off I'll say that I don't agree with your premise. American government, at least, is neither a monopoly on law, nor on money. The US government has specific, limited powers which exist only in relation to state governments. It must operate according to common law. And, while it has the power to coin money, it was never granted a monopoly on this.

But that doesn't really change the answer. Because money is a commodity with a unique property: Money is information. Money is the token by which we calculate the discount rate of the entire economy, and all the goods and services in it, in relation to all others, over time, in a decentralized manner. It has value only in relation to its ability to perform this function. And it performs this function best as a voluntary, natural monopoly.

It's like asking "why is a monopoly on roads a good thing?" It isn't, at least in the propertarian sense of any one entity owning all the roads. But we don't all just make our own roads for the obvious reason that there would be no usable land remaining if we did. So while there is one set of roads, it is no more a "monopoly" than any other public good.

And, while it has the power to coin money, it was never granted a monopoly on this.

I felt this needed to be cleared up. On one hand, it would seem that The Federal Reserve Act does, in fact, grant a monopoly to coin our moneys. They are the sole entity allowed to print our moneys. But, since our Dept. Of Treasury still reserves the right to print our own money independently from the federal reserve, it technically isnt a monopoly.

Thats what you were trying to say, right? (Which, when the DoT and the Fed are in collusion, as some may believe, then , all technicalities aside, wouldnt that represent a monopoly and the negativd impacts related?)

No. What I mean is that, while the US has the power to "coin money" under the Constitution, you don't have to use it. You can use alternative monies.

So what about the fact that our money is printed out of thin air with debt attached to it that we (working Americans) need to pay back in taxes on our actual working wages? That okay with you, too?

There isn't a monopoly on law or money because there are other countries you can go to.

Also, I'm not sure how having more than one set of laws in a single conutry could possibly work. Do you just choose which part of the country you want to be in? At that point why not just have two seperate countries?

Also, money is just a store of value and a way to barter easier. Money doesn't have to be the paper the government prints. You can make your own money as long as other people are on board. Start trading bottle caps, it's the same thing.

I think what he was getting at is that you and I have no say in the creation of laws and that we're forced to follow them under threat of violence despite the fact that many are tyrannical or nonsensical.

We don't have a monopoly on money in the United States. You can use bitcoins or pesos or Canadian dollars or Euros or various local currencies, if the other party agrees to it.

There is only one legal tender, money which you have to accept.

Law is confusing enough. If you had two parallel systems operating in one jurisdiction, it'd get pretty fucked up.

We currently have oligopolies in most industries: food, oil/gas, cars, appliances, telecom, pharma, media, etc. It is ridiculous to think that these companies don't collude on price, as there is no government regulation taking place.

a government is (a monopoly on law and money)

which is wrong, the theory about monopolies or the theory about governments?

Your theory about governments. A monopoly on law would be equivalent to having a single judge, or group of judges affiliated with the same organization (Damn, the BAR) that make their own law, independent of other branches of the government. Having other functions of the government that concern law, could still be a monopoly, but I don't see how you could call our current system of law a monopoly, not with all the different divisions of power we aspire to have.

Now our executive branch...there's a monopoly.

Ding, ding, ding.

Tell him what he's won!

[deleted]

At least I get three squares

Three hots & a cot, who can complain?!

Ya, but if you go into a for profit prison, you only get one hot, and no cot.

I haven't seen the new jails, but I went to a cushy Christian jail in the early 00's. We had movie night w popcorn, bible study w cookies & Kool Aid and not one, BUT TWO Thanksgiving dinners.

Cookies made with GMO corn sweeteners and well you know how Rush feels about Kool-Aid.

Sounds like you had Christmas in a county jail in a mostly white county.

It was Thanksgiving, but yes, white Southern town. Funny how many black & Hispanic women were with us white drug addicts. There was like one violent woman, the rest of us were drugs, bounced checks & warrants...

;)