Workers also have freedom of contract

THE EDITOR: A worker's contract wage does not belong to the Government or the Central Bank. It intrinsically belongs to the worker who earns it. He has a right to be paid in legal tender.

It would be absolutely – not partially, but absolutely – wrong to create a legal tender via e-payments which limits how the worker can access or apply his own property. Furthermore, a worker should be given the choice of legal tender if he so wishes, since essentially this relates back to original freedom of contract which even workers enjoy.

The banking sector is not a single entity wherein monetary and salary control by the Government is effected via its agency of the Central Bank. It is a diverse financial complex involving many interests and their respective rights.

Among them is the basic bank-customer relationship. This is a contract between the two parties not including the Government or the Central Bank. It is fiduciary and based on trust and confidence and the proprietorship of the customer as the owner of the credits (and debits). Under the doctrine of inequality of bargaining power and other legal headings, the customer is protected in law from impositions by the bank.

It could very likely come to pass eventually that forcing people to bank online will be held to be unfair and unenforceable. Online has many issues yet to be addressed, including the problem that it is outside a nation's sovereign realm as well as legally beyond the essential contracting powers of anyone who is contracting with it.

A government that is always trying to stupidly reinvent things while dumbing down discussion with cavalier statements is heralding itself disqualified to govern.

E GALY

via e-mail

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"Workers also have freedom of contract"

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