-
The US government does not really borrow US dollars from US banks to pay for its expenses. The US congress passes laws that authorize Federal Reserve Board (via Chairman Ben Bernanke) to buy some paper and then print a bunch of new interest bearing paper currency instruments in varying amounts with the...
-
Hello Lilburne, Thanks for responding. Let me take a satb as answering your questions: "No. Let's say you borrow that money from me. Over the course of the year, you do work for me for which I offer you a $60 salary. On the last day of the year, I don't pay you the $60 in gold; I just deduct...
-
I don't know any books on this subject. However there's a mp3 accompanied with a transcript of Joseph R. Peden's lecture "Inflation and the Fall of the Roman Empire," given at the Seminar on Money and Government in Houston, Texas, on October 27, 1984. I've listend to it and...
-
I have just read Lenin's Imperialism and given a small lecture on it for a bunch of socialists I know. I thoroughly enjoyed the book. The research is very well compiled and gives a great historical account of how we progressed. My one criticism however is very potent. And it's one no doubt many...
-
How do government subsidies make college more expensive?
-
One future prediction I am certain of. When the Federal Reserve triples the base money supply in two years, while production is collapsing, then prices will rise. When the dollar loses its reserve currency status then prices will rocket. As far as today's CPI numbers are concerned, two things. One...
-
Is anyone reading The Ethics of Money Production from Jörg Guido Hülsmann? I have just started it and thought of doing some blogging as I read it, then thought of getting some support around here. :) Anyone out there? Let me know. (Please move this if this is the wrong place for such requests...
-
This evening, Glenn Beck was on Bill O'Reilly's show, "The O'Reilly Factor." In the segment, Glenn Beck tells Bill that the American people don't have monetary or economic freedom and that one of the reasons we don't is because the U.S. government controls the monetary system...
-
My son will be turning 8 years old soon and he is exceptionally bright for his age...and he is really showing a strong interest in economics and politics. He already understands the value of collecting gold & silver over paper money, and totally understands inflation as well! During the presidential...
-
Obviously, I am new to economic theory, and some questions have been dogging me for quite some time. Before I begin, I have studied North Korea and other socialist/communist ideologies for a few years. Granted, these studies are based on speculative subjects and humanitarian issues and a smattering of...