Money is free. An IOU experiment in the pub.

Here is an IOU. A bill of exchange. A cheque, if you like.

At the weekly think tank(pint) in Leicester Sq, fellow Occupier Al Dixon, offered me this piece of paper, in exchange for giving him some knowledge.

I accepted it as a good deal. We had both won, both better off than before the free exchange. Me in credit, Al the wiser.

It went around the table a few times. Finally Al gave me some knowledge about Maritime Law*.

I offered him back his IOU and he accepted it as a fair trade. Both again better off.

If either deal had made either of us worse off, the exchange would not have occured, right?

What we had really exchanged was our own work, exertions or efforts. Our Labour. The Money was just the means by which the exchange was made easy. The piece of paper just a proxy for that intangible thing, The Money.

There was a tiny cost in the piece of paper, true. This merely proves that the lower the intrinsic value of the money proxy, the better it is. The less the dead weight in its production. Gold is a terrible proxy. It is about the most expensive thing to produce. What a waste.

The Money was just the thing that helped the process and saved labour and a whole bunch of other wasteful negotiations. A labour saving process. A great thing. Magic really. A gift of nature. Free.

Again note that The Money was not the piece of paper. The paper is merely a proxy for for that peculiar thing, The Money. Which is the faith I put in Al's promise to pay upon redemption of the piece of paper.

When we take money for goods and services, we are really exchanging our labour for the ability to demand that another gives us something created by their labour later on. Accepting money is only half an exchange.

The Money is Faith. Like land it costs nothing to produce. It cannot be bought nor can it be earned nor do we deserve it. It is a free opportunity given by nature to all people equally. A commonly owned birth right.

That quality must be treated with Supreme respect. The Money becomes unsustainable when it becomes privately and exclusively owned. Theft. Because its owner can demand the labour of others through a usage charge, interest(rent, usury, whatever), with no offer of something in fair exchange. We are forced to pay like slaves.

There is no escaping this. It is the natural law. Harmonise with it and be highly rewarded as with the IOU. Oppose it and nature will punish us severely.

The Money is in its nature free. We mean to make it free once again.

* dont ask