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http://www.ronpaulforums.com/showthread.php?t=171365 A New Theory and Practice of Money Introduction It's been a while since I wrote anything on this subject (8 months). But I feel that although my ability to articulate my case is far from perfect, it has progressed far enough beyond my initial attempt...
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[quote user="Okooka"]But isn't the problem with FRB as well? Banks give out multiplied ammount of credit based on deposits, so when a crisis hits and people start to default, the money supply contracts. Do I have anything wrong with seeing it like that? Admittedly I still don't quite...
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I am fully open to criticism of any part as I am not confident of all my assertions. but anyway: It wasn't until colonialism brought unprecedented expansion that bankers were able to get away with their fractional lending scheme. I think this is because commodity based currencies worked fine in slowly...
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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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Hello, I am in the middle of a rather verbose 'conversation' with an aquaintance, and his most recent response to me contained the following paragraph: Evidently you have fallen victim to recent propaganda about the Community Reinvestment Act. The CRA actually restrained subprime lending. I urge...
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I work for a 20 person company. I make around $50k/yearas do most of my coworkers. I asked my boss if he ever had to take a loan to make payroll. He told me that he has enough money in a account to cover pay for six months. So we started talking economics a somemore. I am very comfortable with my job...
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[quote user="niphtrique"]"Natural Economic Order" clearly states that the root the economic and monetary problems we have today, is the charging of interest on money.[/quote] Please have a look at The Bastiat Collection - Volume 1 : Chapter V: Capital and Interest . It has been a...
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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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Hi all, I started reading Rothbard's "The Mystery of Banking" -- this is a fantastic book and I can't imagine why it ever went out of print! Anyway, this is my first exposure to this topic and I have little-to-no economics experience. I'm more than halfway through the book and almost...
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I was listening to Peter Schiff, and I heard him say that you don't have to give up a fractional reserve system as long as you tie it to gold. However, I thought you would want a 100% reserve currency because otherwise the money supply could still change based on the amount of credit in the system...