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Hi all, I am looking for books to read on the subject of money to get an in depth understanding of it. Here is one question I am trying to understand. I have recently started reading Austrian Economics works. I just finished Rothbard's "What has Government Done to Our Money?" and it went...
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I've been trying to read Krugman's book (I find it heavy on rhetoric and short on logic) and have been thinking about his babysitter analogy. I see RockyRacoon's point about the price-fixing. Maybe I'm wrong, but it seems to me there are other problems as well. In this analogy, the money...
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I've been trying to read Krugman's book (I find it heavy on rhetoric and short on logic) and have been thinking about this babysitter analogy. I see you point about the price-fixing. Maybe I'm wrong, but it seems to me there are other problems as well. In this analogy, the money is originally...
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What I’ve gotten so far is that he suggests we invert the investment utility of money as a medium of exchange. Rather than earning money for hoarding money (interest on savings), he evokes the thoughts of Silvio Gesell saying that ...money is a public good - like the telephone or bus transport...
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local / competing currencies, as I understand, are the essence of liberty and will, inevitably, lead to the universal acceptance of a gold standard. I believe the usage of localized currencies will be fairly widespread within the next 10years. the past two days, I have become very interested in Bernard...