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[quote user="LibertarianfromGermany"] Am I the only one thinking that the reason the interest rate tends to stay above the inflation rate is because if it didn't (ie lending out would equal a loss in purchasing power) potential borrowers would just switch to commodities (i.e. gold) to at...
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I have been in discussions with friends regarding 100% reserve banking and a commodity standard, and I was asked a question that seems simple but has me stumped. It's best to look at it in the form of a hypothetical situation: A country has a gold standard and practices %100 reserve banking (loan...
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Wealth is exchanged on a daily basis without regards to compensation. Individuals exchange monetary assets for goods and services and then proceed to wait for the return of their change. While this process takes place there is a surplus and a deficit of wealth that remains stagnate. Let me offer an example...
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Hello all, I have posted here an introduction on the theory of natural money (hoarding fee, no interest, no credit). I am sure this will be the monetary system for the future because it creates the most efficient economy and the highest level of economic freedom and wealth for everyone. Bart Natural...
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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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Are Credit Unions safer or more risky places to put fiat cash than Banks? I look around and see investment banks like Lehman Bros. crashing down, and savings and loan institutions like Washington Mutual, but I don't know about credit unions. One part of me says that credit unions are safer because...
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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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It's just a little too long to post here, guys, but I'll appreciate the feedback. Thanks.
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I saw this posted on dailypaul: "This is the story of how the modern banking system, through credit cards and installment debt, impose a form of modern slavery on the people. First they create the money from thin air. Then they loan it to you. Then you are not only responsible for paying back what...