I recently was reading about Aristotle and his views of the two different types of fiat. For the last 2,000 years we have not questioned what backs our monies. It is a belief in our government that backs our fiats. But I believe we have evolved over the last 2,000 years. I believe when I give someone $1000 they will provide $1000 dollars worth of labor or the labor/research and development to make said product. And I will feel cheated if I give someone $1000 for nothing. It is my belief that our personal labor is what backs all money. How do you think all those slave owners really made their ROI? From the cotton itself or from the free labor to pick the cotton? Just a thought to get a conversation going. I am more interested in everyone's view on this subject vs my own. Thanks.
