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Ron, You are quite right about both Rothschild's quote and your statement that Britain does not have a 100% reserve system. Private banks played an extremely important role in financing nations and issuing their currencies in the 19th Century, and the Rothschild's among others profited greatly...
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There is a large case against the Fed, it's excess credit creation has led to bubbles, they burst, which lead us to painful times. My question is this the same case for Britain and the Bank of England? Our property bubble has been massive and has started to pop, I'm not actually sure if it's...
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I was reading "America's Great Depression" by Rothbard and according to the book the 8 years prior to the great depression there was a 65% (8.12%/year) increase in the TMS. According to the chart on this site, the period of late 2000-2007 there has been an 83% increase (11.8%/year). What...
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I have listened to many financial "experts" and economists on television (mainly on CNBC) espouse their opinions on how to "fix" the economy, and one central theme always underlines the discussions: that recession must be avoided at all costs. I do not understand this. Rather, the...
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As far as I can tell, his argument centered around that if prices did not rise (due to inflation), but instead fell (due to deflation), than employers would need to cut wages. This would cause mass unemployment, as workers would be fired. Another argument he had was that there was mass deflation during...
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I was having a look at "What Has Government Done to Our Money" by Rothbard, and got thinking about the problem of hoarding, or increasing one's cash balances. This may be relevant in the current economic climate if people are losing faith in the banking system and yet trying to rebuild...
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There was a similar thread recently, but I wanted to expand on the scope of the last one. Mainly, what specific stocks should someone begin buying to profit on the demising dollar? I was thinking about Peter Schiff's "Crash Proof," but it has relatively poor reviews on Amazon because Schiff...
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[quote user="Ego"] The most common: inflation is a rise in prices. [/quote] There are multiple commonly accepted definitions of inflation. Some define it as an in prices. Others define it as an increase in the money supply. I don't like either explanation. Even with a stable money supply...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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The prices in everything has risen recently due to inflation. Eggs, for example, have jumped in price by 40%, partially due to inflation. Gas prices would be lower w/o gas taxes and increased demand in China and India, but inflation is still the MAJOR contributing factor here.