Mutual Money Committee of the Congress of Monetary Organizations membership enrollment letter

2 leaves, printed on rectos only. Very Good. Riegel-authored letter soliciting new Committee members, making an anti-statist appeal for free markets and warning of high inflation. Riegel asserted the right of individuals to issue their own currency ("Only private enterprisers can issue money. No constitution can make or break or amend this natural law") and that U.S. government deficit spending during World War 2 constituted fraud ("The effect upon the purchasing power of the dollar by the introduction of these unrecaptured tax dollars is precisely the same as water in milk-it makes more liquid with no increase in substance. "Under the moral law and economic law, the government's issue is counterfeit money. The Issue by governments of so-called money is the greatest social fraud"). Among the charter members are Lawrence Labadie (anarchist and youngest child of Joseph Labadie), Arthur Leyrer of Oakland, and libertarian Charles T. Sprading of Los Angeles. Several of these ideas are echoed by the cypherpunk and cryptocurrency movements popular among right libertarians and anarcho-capitalists.…