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I'm currently reading Currency Wars by James Rickards. In it, he says that one way for a nation to boost its exports is to depreciate its currency by printing money. For example, let's say that the price of a German car is 20,000 marks or 20,000 US dollars. And let's say the exchange rate...
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Whenever discussing the Great Depression, it is always argued that high interest rates imposed during the Great Depression (Specifically 1931) worsened the Depression because investment was curtailed. This of course seems to run contrary with what an Austrian would argue. There was obviously credit inflation...
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Hello, I was hoping some Austrian advocates could help explain this to me. I recently came across this quote by G. Edward Griffin who wrote the book The Creature from Jekyll Island the infamous book on the Federal Reserve ( http://en.wikipedia.org/wiki/G._Edward_Griffin ) though I do not have this book...
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I know this must have been asked before, but it is a topic I still cannot wrap my mind around. From start to finish, how does this happen? Who gets the money? I know it has something to do with the Fed buying securities of some sort, and the money used to purchase them is created out of thin air. But...
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To what extent does central banking and the manipulation of interest rates affect the economy? Is it just the inflation that robs us 5% of savings every year or do they hurt us in other ways as well? In addition to that, do central banks do anything else other than create inflation? From what I've...
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I have been under the impression that the government's inflationary policies would cause a devaluation of the dollar. This does not appear to be happening. Is it possible that it will not happen because other countries will continue to view the US economy as relatively stable, and so will continue...
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What Mr. WhoRU wrote that Mr. Vieira purports to comment on: [1] I have fairly well addressed this myth above but I hear this claim quite often and I challenge anyone who makes this claim to set forth a detailed explanation of the means whereby the Fed has any ability to cause Federal Reserve Notes to...
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FALSE Myth # FIVE - Federal Reserve Notes are evidence of debt – being nothing but worthless IOUs What Mr. WhoRU wrote that Mr. Vieira purports to comment on: [1] What is it that actually constitutes "evidence of debt"?? If we were on a 100% gold coin money system and borrowers borrowed...
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Ten FALSE Patriot Myths Regarding Paper Money v. Gold Plus Dr. Edwin Vieira's Error Laced Adversarial Memorandum Which Is Totally Rebutted by Eric WhoRU Statement of Eric WhoRU in regard to Mr. Vieira's "MEMORANDUM" castigating my paper on the Federal Reserve by Mr. Vieira's totally...