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[quote user="liberty student"]I am a free market advocate, and thus I advocate a free market in money.[/quote] What does this mean, exactly ? Do you mean privately issued commodity money? Say almond money issued by an almond growers consortium? I believe such money is presently legal. Perhaps...
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[quote user="Juan"]I'm not introducing an assumption. I'm introducing a fact . The automakers don't have enough money to pay their debts that's why they are going broke. They have no equity left.[/quote] If in fact the automakers have no mortgagable assets, the loan couldn't...
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[quote user="liberty student"]Well the agency that prints up script, by legal fiat, gets to take real goods and services out of the economy with paper titles it creates out of thin air.[/quote] Lincoln financed the Civil War with $400 million he printed out of thin air. Do you think he should...
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[quote user="liberty student"] [quote user="Warren Raftshol"]Who, exactly, is being coerced?[/quote] Everyone who has to use scrip to pay their taxes.[/quote] Nobody has ti use scrip - you can pay your taxes in gold if you prefer.
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[quote user="liberty student"] Right, so it is not full reserve. Thank you for admitting that it is backed by NOTHING but the words of men.[/quote] What I mean by full reserve is that the scrip is not pyramided 1,000% by banks. The courts enforce obligations.
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[quote user="Juan"]You are seriously arguing that the ability of the state of Michigan to counterfeit money is less harmful than the fed's ability to do the same thing ?[/quote] I would object to 'counterfeit' but would say that non-interest bearing scrip is better than debt backed...
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[quote user="liberty student"]I don't think you understand the concept of the division of labour.[/quote] Please clue me in as to what I'm not understanding. [quote user="liberty student"]Fiat money has always failed throughout history, because people use it to substitute...
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[quote user="liberty student"]Yes, I prefer globalization. Trade = prosperity. More trade, more efficiency, the better the economy is.[/quote] What do you mean by efficiency? Is high unemployment good? Is bigger better? Isn't small beautiful? Are you a corporation liberty student ? Is there...
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[quote user="liberty student"]People prefer chinese crap to paying union wages.[/quote] Do you prefer globalization? Michigan money goes to China and stays there. Your unemployed neighbor shoots himself in credit starved Michigan. Is that what you want? Your perfect economy? [quote user="liberty...
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[quote user="liberty student"]Warren, if the private sector won't bailout the auto companies, why do you insist the public sector should? The Austrian school, generally is for monetary freedom, not more fiat state counterfeit.[/quote] The power to regulate credit is inherent in sovereignty...