| > Money represents work. When you do work, you get money. If that were 100% true, I could make more money digging ditches than your average mid-level manager. But it's not that simple. > In fact it's illegal for someone to not accept legal tender. Bullshit. From the Federal Reserve's website[1] (emphasis mine): "Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise." [1] http://www.federalreserve.gov/faqs/currency_12772.htm |