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Hey guys, So, I'm quite new to the Austrian school of economics. I've been a libertarian for quite some time, now, but my arguments have usually been based on the philosophy/moral side of things (primacy of the individual/taxation is theft, that sort of thing). My understanding of the Austrian...
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A friend of mine said that the only reason why we have recession/depressions is because of capitalism. I posted the following. Actually, the only reason we have recessions and depressions are because of the state's manipulation of the money supply. Due to it's monopoly on currency, the state...
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Recently i ve read articles about FED and ECB making Profits. I ve read mainly in this website that FED just 'prints' money. I know FED buys US Treasury bonds directly, ECB instead finances private banks which in turn they buy eurozone countries bonds. Q1: Does ECB make money it uses to finance...
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It's very difficult to find an explicit description of the entire process. I think I understand the story, but I want to run this by you guys to see if you spot any errors: The Process of Monetization of the Debt (1) The US government runs a deficit and borrows money by issuing bonds that must be...
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I have an idea. More than an idea, a high-level software architecture for a distributed banking system based on sound money (in this case silver-backed - but could be gold or whatever). This would not be under the control of any sort of centralized bank. Completely decentralized, much like the torrent...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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Hi, I'm doing my bachelor thesis about business cycles, and I have one question for you. This is quote from wikipedia: The government's attempt to gain control over money (through the creation of a central bank) destroys the natural equilibrium of interest rates between savers and borrowers....
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http://www.moneyandmarkets.com/the-g-20s-secret-debt-solution-27996 As someone who studies Austrian economics I am still very much a rookie especially when it comes to monetary manipulation by governments. This article is someone explaining what he thinks the major governments of the world are up to...
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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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I've done a Google keyword sreach, but haven't found a clear, well-written description of Cantillon effects. Can anyone provide a lead?