The Essence of Money as it Relates to Natural Law/Natural Rights
Many of the posts in this series, “FUNDAMENTALS OF NATURAL LAW,” may be less than captivating. So, why would a person want to spend their time reading and trying to understand the principles and concepts discussed in this series? Maybe because it is the duty of every citizen in a free and self-governing society to do so:
“If a Nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be…. If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed.”
This post is about the essence of money and how that relates to Natural Law and Natural Rights. I started this series with this subject because I happen to agree with one of our most important founders:
“All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.”
So what is money? Well, this time, simply citing the definition in Webster’s is not going to answer our question because the definition in Webster’s does not go deep enough. First, we must remember that form and function are what define a thing or idea. It is its nature that makes it what it is, not the word by which we call it. And while the Webster’s definition certainly describes some of the characteristics of the nature of money, it does not define all of them. It does not define the characteristics of money’s nature that actually apply to Natural Law/Natural Rights. That is what we need to examine to understand what money really is: those characteristics that are connected to Natural Law/Natural Rights because, until we do so, we cannot fully understand what Adams is actually saying.