Subject: Re: [lpny_manhattan] NORFED Silver Certificates Date: Thu, 10 Jul 2003 12:24:46 -0400 To: From: Bob Armstrong On Thu, 10 Jul 2003 05:37:08 -0000, rhymetofree6 wrote: >=A0The idea is to get everyone using Liberty Dollars rather than= the -- >=A0purportedly -- unbacked, debt-based Federal Reserve Notes. A point which seems to be frequently omitted in descriptions of= the creation of money by Fed accounting entries , even in the Fed's= own educational literature ( take a tour of the Fed and get a= collection ) is that the entries are backed by future tax revenue which must= be paid in "legal tender" - which is what they "loan" multiplied by= the marginal lending that the banks do with the tender they have= borrowed . Monday , I happened to browse http://www.mises.org/mnr.asp ,= The Mises page on Murray Rothbard . I downloaded his "The Mystery of Banking" but have not started reading it yet . --=A0 =A0Bob Armstrong -- http://CoSy.com -- 212-285-1864 =A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A02003/07/10 11:59:33 AM