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I was reading Doug French's book about the housing collapse and came across the Shiller graph showing historical home values. I'm a self-taught student of economics and don't have the background that others might. I wanted to pick the brains of the Mises community on the housing spike/collapse...
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Had a question for anyone who could give a half-way descent answer to it - If the idea of sound money is growing, then why aren't there (to my knowledge) any "sound" banks or credit unions? What I mean by this is, at a minimum, is banks who hold the value of money equal to deposits? Or...
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My questions deals with transitioning away from a fiat currency in a country with zero gold in its treasury. Rothbard, in The Case Against the Fed, states the U.S. can transition away from fiat currency by dividing the amount of dollars by the gold stored in the treasury. For the sake of discussion,...
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I have an idea. More than an idea, a high-level software architecture for a distributed banking system based on sound money (in this case silver-backed - but could be gold or whatever). This would not be under the control of any sort of centralized bank. Completely decentralized, much like the torrent...
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http://www.ronpaulforums.com/showthread.php?t=171365 A New Theory and Practice of Money Introduction It's been a while since I wrote anything on this subject (8 months). But I feel that although my ability to articulate my case is far from perfect, it has progressed far enough beyond my initial attempt...