E.C. Riegel Quote: "Money can be issued only in the act of buying, ..."

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Money can be issued only in the act of buying, and can be backed only in the act of selling. Any buyer who is also a seller is qualified to be a money issuer. Government, because it is not and should not be a seller, is not qualified to be a money issuer.
E.c. Riegel / Author
Government
Buying
Making Money
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Money can be issued only in the act of buying, and can be backed only in the act of selling. Any buyer who is also a seller is qualified to be a money issuer. Government, because it is not and should not be a seller, is not qualified to be a money issuer.
⇛ E.c. Riegel (Author)

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