[OrangeBlossomBaby]

Originally Posted by CoachKandSportsguy

The government currently regulates how companies can do business, and the government should set the rules for competition, and then enforce the rules of competition.

There are state insurance regulations, state medical regulations, state/local hours of operation, state wages and benefits requirements, etc. . . there is anti trust regulation, there is product safety regulation, there are labor regulations, etc. . . . there are plenty of financial regulations on qualifications to sell financial products, etc.

In the 80's, bank perps went to jail, then the rules changed, and companies paid fines, which is shareholder money. So that creates moral hazard, and not a hard deterrent. The problem is recently, the government went lax on enforcement, particularly the SEC.

Companies need to know their limits, and the rules of the game, and the enforcement needs to be relatively swift and not paid with shareholder cash. Then let companies fight among themselves for our business. . . then you have capitalism properly.

I won't go any farther in the government downfall, as that falls into the the prohibited type on TOTV. .

I agree. I was referring only to the idea of the government mandating that private companies must accept cash, and the misunderstanding of "legal tender for all debts" terminology. It doesn't mean what some people think it means.