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What is the mechanism whereby interest is charged on borrowing money, in a system with a relatively fixed money supply? Assume there is $1k in the system. I borrow $100 at 1% interest. Where does the $1 i pay in interest, come from? What if 50% interest? quick answers appreciated. thanks.
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An essential feature of the standard attack against Bitcoin is to point to the price charts generated by a single Bitcoin exchange and then use that as definitive proof of Bitcoin's unsuitability for any purpose. The attack uses these single source charts to 'prove' that Bitcoin is a mania...
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10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess. In fact,...
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I was wondering if anyone has used or is using this service? From what I can see it is like a gold backed paypal. Would be very nice if it was legit. Any thoughts?
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There's a lot of good info there. Such a shame it's used to come to such a non-solution. That whole thing is basically a textual summary of Paul Grignon's Money as Debt series. I wrote why it's so sad in the thread on it here .
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Anyone know any good in depth articles on the S&L crisis?
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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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Hey all,
I will be about to write my master thesis with Thorsten Polleit as first corrector.
His page on mises.org: http://mises.org/articles.aspx?AuthorId=793
Do you have any inspiration for us regarding an interesting topic that is worth to be investigated?
Best regards
Alex
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i have been planning a trip to switzerland for some time now, and it just occurred to me that it might be convenient (and a good idea financially) to convert some of my dollars to francs now, well before i actually go, being that it is a more stable currency. I'd like to know first, if it is possible...
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hi there So I really enjoyed Peter Schiff's latest book "How an Economy Grows and Why it Crashes" so much that I've started giving it to other people to read. The first person I loaned it to me asked who really killed Max Goodbank? In other words which historical character(s) does Max...