Theoretically, I repeat, all the material property in the country, that can be taken by law, and applied to the payment of debt can be used as banking capital; and be represented by promissory notes, made payable in coin on demand.
Spooner discusses the theoretical implications of using material property as banking capital.
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All those who are not forbidden by law may be judges (jurors).
In this manner all unjust laws are established, and made operative against the rights of the people.
Therefore all their laws, as they call them,--that is, all the laws of their own making,--have no color of authority or obligation.
It is also sheer impudence, on their part, to assume that their commands are at all necessary to teach other men what is, and what is not, justice.