An Ethical Will Over a Monetary or Property Will

In today's world, moral will seems to be almost unfamiliar for many people. Money and wealth intention are the most familiar will. 2 The Jewish Encyclopedia defines the will as "keeping heritage or rights until the testator dies because the owner will benefit others" 5. (P.65) Some people may not know that they are willing to have different kinds of currencies.

Inflation ethics starts with the relationship between financial inflation and property rights. As the state monopolizes the money production process (like the US and the Federal Reserve) and participates in currency inflation (like the US and the Federal Reserve) it violates Christian private property ethics, so inflation is moral It is not considered to be an economic policy. Considering the depreciation expenses of the metal currency, the understanding of the problem of inflation ethics has further deepened. When the ancient ruler cut down the coin or dilute the coin with the base metal and cut down the metal gold it is not (pure metal coin of the defined weight) so good (depreciated coin) I express it. A currency unit different from the metal currency developed through voluntary exchange is different amount of precious metal. For example, money written in the Bible - Shekel and talent - is a different weight unit

As long as Aristotle's argument about ethical money already exists, price stability has long been a priority in the ideal characteristics of the currency system. In the words of Italian currency theorist Gasparo Antonio Tesaro (1609) of the 17th century, the money must be "rerum omnium mensura" (p. 633). Aristotle also pointed out that the commodity currency, especially the currency made from precious metals, is well suited to achieving this goal. "Currencies are subject to fluctuations in demand as well as other commodities; however, it tends to be relatively constant" (Aristotle, Moral, translated in 1943)