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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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> Without government intervention into the economy, can wages rise naturally? < Wages rise naturally after the floor is above subsistence. Disposable income is the key that allows labor to get specialized. As long as the vast majority of consumers have zero disposable income, there can be no healthy...
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As I was educated in the Keynesian/inflationist school of economics, I have (until recently) always been a believer that moderate inflation is good for the economy, and inflation in general is generally favorable to borrowers. I have always believed in the Fed system because I thought it was better than...