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Ok so the word is on the street that the US Federal Reserve has been printing a lot of money. But what about other countries like, say, Sweden, Norway, Denmark, India, China, Singapore, Kazakhstan, Greece, Canada, and Germany? Have all their central banks also been printing money, and where did you find...
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What prevents business from operating with a private intermediary exchange? The dollar is quickly losing it's importance, there's a real possibility for private companies to sell goods and pay their workers with perhaps a digital currency. This currency is ideally backed by hard assets, maybe...
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"But computation demands units. And there can be no unit of subjective use-value of commodities. Marginal utility provides no unit of value. the worth of two units of a given commodity is not twice as great as one--although it is necessarily greater or smaller than one. Judgments of value do not...
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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Can "saving" only involve money/currency?? In an economic sense, can it also apply to labour, and time?? If you start fundamentally defining what money actually is i think saving actually refers to your labour and time. What are your thoughts??
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An article from my website : How many of you have stopped to consider what the word freedom means? Webster’s defines it as: 1 : the quality or state of being free: as a : the absence of necessity, coercion, or constraint in choice or action b : liberation from slavery or restraint or from the power...
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Hello libertarians (and other strong supporters of liberty and--therefore--capitalism): I contacted Jeffrey Tucker regarding the idea referred to below, and he suggested I put a post on this forum. I stumbled upon a way to improve capitalism systemically and to accomplish everything any libertarian has...
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According to my understanding, the raw materials used to make pennies and nickles are both worth more than their fiat value. If people were to destroy these en masse and sell the materials, would there be wealth created (or better yet, recreated), due to the increase of raw materials and deflation?
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It seems to me that the imposition of the Euro - which was established as a purely fiat money - puts the regression theory in perspective and possibly refutes it. If «nothing can enter into the function of a medium of exchange which was not already previously an economic good to which people assigned...
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Does Gresham's Law prove that money must have intrinsic value? Great article by Gary North. I didn't know all that about Gresham's Law and foreign exchange. Does it also have a simpler application as explaining domestic circulation? For instance, when arguing with Keynesian/Chicagoites, who...