I never said American was evil. I don't blame them. What they're doing is apparently legal. I just don't see why it should be.

Society deserves the results of its own legislation. We decide on public policy, then pass laws to further it. When two people make a contract, we burden each side with the responsibility of finding out what they're agreeing to ("due diligence"). We do that because it's good for the rest of us to have as few legal disputes as possible -- it saves us all money (court costs). I don't see how public policy is served by allowing companies to make up their own currencies, effectively sell those currencies for exclusive use only at their "store front", while retaining the right to devalue them at any time to any degree. Clearly, it will always be in their interest to deflate their value. And that's exactly what has always happened.

Business is neither evil nor good. It is just business. When we fail to do a good job setting the rules, we pay. That's why there are thousands who used to have a job and a pension at Enron and WorldCom.

I think we have failed here, and we should fix it.