tag:blogger.com,1999:blog-20142791.post294694732964147123..comments2024-03-11T07:41:19.149-04:00Comments on The Perfect Substitute: Luther: Is Inflation Theft?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-20142791.post-5753085071586605912009-04-24T09:17:00.000-04:002009-04-24T09:17:00.000-04:00Kip - if you found out that there was a government...Kip - if you found out that there was a government agency the sole purpose of whose functionaries is to go around punching people in the face, and that in-fact this agency has been in existence for 94 years, would you argue that due to the longevity of the agency's existence, nobody reasonably relies on not getting punched in the face anymore? Just a thought... Overall I think the questions raised in this series of posts are pretty good ones worth consideration.David Zhttp://nothirdsolution.comnoreply@blogger.comtag:blogger.com,1999:blog-20142791.post-7683046513667673572009-04-24T08:11:00.000-04:002009-04-24T08:11:00.000-04:00Oops -- I didn't see this before I commented at th...Oops -- I didn't see this before I commented at the original entry. <br /><br />One of the elements of the tort of intentional misrepresentation (i.e., fraud) is that the victim must reasonably rely on the misrepresentation. But who "reasonably relies" on the government not to debase the currency anymore?KipEsquirehttp://www.kipesquire.netnoreply@blogger.com