The purpose of money is solely to facilitate exchange and competition, and not to regulate exchange. It must have no governing power whatsoever. It must be the ever ready hand-maiden of every trader who wishes to buy anything, anywhere, anytime, and for which he can deliver an equivalent value. It must not influence him to buy or not to buy; it must not color his opinions or aims; it must not impede evil impulses or impel good ones; it must not strive to augment some men's wealth and diminish others'. It must be neutral and insensible to moral considerations and all economic and political inequalities. It is an instrument of individualism, the servant of all men in the process of exchange. Through it, all the moral and immoral forces exert their influence, but it is itself neither moral nor immoral.

Money is the mathematics of value and must remain as impartial as mathematics. It is the function of the trader's mind to evaluate commodities, and it is the function of money to mathematize such evaluation, i.e. to express in numbers and fractions the value determined by the trader, but not to influence such determination.

The natural issuer of money is the trader when acting in the capacity of buyer, and the sole aim is to serve him and others in their desire to trade with one another. Among the trading group will be some who are smarter than others, some more acquisitive, some more active, some more cunning, some more frugal, some more ambitious. Other differences that are natural to the human species must also exist. Regardless of what the human animal is and how many varieties there be, it is not the function of a monetary system to either approve or disapprove any characteristic, nor to promote or oppose any tendencies nor exert any leveling or paternalistic influence.

The valun therefore must exert no modifying influence upon exchange except to remove modifying influences and thus assure natural exchange. Man will continue and should continue to trade for private advantage; this self-seeking is nature's way of intriguing men into social progress.