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Gentalmen, I've now read this entire thread, from the beginning to the end. What I am constantly reminded of, over and over again, is a quote from page 74, of "the Origin of Conciousness in the Breakdown of the Bicameral Mind", by Julian Jaynes. Jaynes says: "Greek gods cannot create...
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Howdy! Lysander Spooner proposed a realestate backed note in A New Banking System: The Needful Capital for Rebuilding the Burnt District . He makes the case that hard money is good, but can be further backed by land holdings. I am not in favour of his system for many reasons. One being that land is not...
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Normal 0 false false false EN-AU X-NONE X-NONE MicrosoftInternetExplorer4 Can anyone provide a citation that supports the statement by Hans F. Semholz posted at http://mises.org/story/2414# that Friedman “calls for the issue of government money in the form of non-interest bearing obligations that...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...
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Monetary Evolution: Where are we today? Commerce today is dominated by “electronic” transactions. A business that does not support the use of debit/credit cards will be extremely limiting its customer base and will likely not survive. The emergence of this form of money was the credit card...
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This is a new intiative by the FED: "These arrangements will now provide dollars in amounts of up to $30 billion and $6 billion to the ECB and the SNB respectively," the Fed said, extending the term of these swap lines through Sept. 30. Can someone elaborate on this for me? Will this make a...
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There must be people on here that are aware of Roy Jastram's fascinating work "The Golden Constant". Its a book sized piece on the gold/commodity ratio from 1580 until 1976. Its a great read if you know about Mises' theory on the interest rate and the Gibson's paradox observation...
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Vault receipts, are legitamite to U.S. Code. Is this a privliged production caste? I only found that a "lawful excuse" is the prevision on which one can not be paid. Isn't there already a free market system of leins. There are a great lack of entreprenuers, or does government force prevent...