[Avodah] Fiat Money & Halachah

[Richard Wolpoe]

Everyone ASSUMES because something IS therefore it is valid.
Fiat money is essentially a 20th Century phenomenon. It is not claer to me
that fiat money has the halachic status of Money.
think of it tis way, do stock options have the same function as stock?  Well
both have value and are traded onteh market, but stock options offer ZERO
ownership in the corporation, no dividends, and no right to vote. So there
is a legal distinction, albeit investors might not care.

Fiat money is lgeal tender in the USA NOW, but that dos nto mean th Talmud
would cosntrue it so, unless someone can muster some soures to state
otherwise.

Fiat money, like life insruance is an astraction. Most people deal with
abstractions every day. But some posqim HAVE objected to abstractions such
as selling Hametz before Passover.  Some abstractions are not seen as
Halachially viable across the board. And Many of my Yekishe Qehila felt that
it was one big ha'arama anyway, no matter how much I tried to show it as an
abstraction like life insturance.

I recoomend googling Fiar money and reading this article:
http://en.wikipedia.org/wiki/Fiat_currency




-- 
Kol Tuv / Best Regards,
RabbiRichWolpoe at Gmail.com
see: http://nishmablog.blogspot.com/
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