LAST DITCH OF DEMOCRACY - Majority Rights

And that gold chemistry is studied by students of INorganic chemistry, it
is not rams and ewes, it is not amoebas, as Shakespeare definitely
indicates. He points out that gold is NOT fecund, it does not increase
and multiply as the sheep and goats of a herd. Plant it, and it does not
come up in the spring, yielding 20 fold, or 30 fold or one hundred.
MONEY does not become interesting until it means something more
than that sterility. Money is not interesting until it CAN represent
something fecund, such, namely AS rams and ewes.
This difference between money and metal, puzzled mankind for
millennia. It goes back into prehistory. The idea of interest existed
before the invention of metal coin.
And there is MUCH more justification for collecting interest on a loan of
seed, on a loan of she-goats and buck-goats, than on a loan of nonbreeding,
non-breedable metal. It only remained for the philosopher or
the expert in ethics to figure out HOW much interest. For a thousand
years from St. Ambrose to St. Antonino some of the best and most
candid minds in Europe worked on that problem.
And Europe in the interim built her cathedrals during an age when usury
was classed with the vices. COIN being used as counters, and the work
of makin’ those counters considered as work. I don’t mean that the
public had a clear view of this process. There is a considerable amount
of Latin writing about the question of intrinsic and token value of
money. Totin’ round the counters, etc., havin’ the money ready and
handy required a lot of technique. A lot of technique was developed.
Then somebody found out they could do without metal counters. Just
like Loomis found out you could send an electric signal without using
wire. Found out electricity would travel thru air. Nothin’ practical came
of it, till Sig. Marconi got it into a system.