Biblical Concourse of Home Universities™

Why Silver as Monetary Unit

 

Throughout the Scriptures money is categorized primarily as silver, sometimes as gold, and then as any number of useful things that include precious metals, clothing, food, gems and more.

The United States Constitution gave the federal government the authority to coin money from only sliver and gold.

Federal Reserve Notes are therefore not Biblical nor Constitutional money.

Any real tangible useful item could be used as valid money because they have and hold value, but some things are more convenient to handle and trade than others. Milk, for example, has a short shelf life and would require some special handling for each transaction.

But just a silver is always silver and fresh milk one day is as valuable as fresh milk another day, their values are not subject to monetary manipulations or inflation. They have real inherent value.

Therefore, pricing a course or a product in terms of silver or any other real and useful tangible item can be an effective implementation of Biblical and Constitutional economic thought.

Little by little the Biblical Concourse is transitioning toward a full implementation of Biblical economic thought which includes pricing products and services in terms of useful things and not accepting any Federal Reserve Notes.

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