-
Welcome, I did the same change three years ago. Its quite a travel. Btw, get reay, because this forum is one of the heaviest liberarian forums around. People is very knowlegeable and lso like to point out any incoherence. EDIT: Just read the whole thing, the big first part, the personal history was very interesting. Realizing that caring about the poor
-
There has been countries where monetary freedom has led to the use of silver and not gold as money. Philipines in the early XX century for example. Just saying.
-
I think you will like this: http://www.gmu.edu/depts/rae/archives/VOL14_4_2001/5_keeler.pdf
-
Fix the forum in general, but make fixing the quoting system a priority.
-
This is one of the best discourses I have read lately. It does not use the austrian vocabulary, but it is very (extremely) austrian. Does anyone know if this guy knows austrian economics (he probably does and its a stupid question, but would like to confirm). Nevertheless its worth the read: http://www.zerohedge.com/article/ben-davies-variant-perceptions
-
The loans the banks would recieve on the discount window from the Fed are temporal and would be undone as soon as the Fed raises the rates (now at 0.75% if I recall correctly). The money that the Fed has injected with QE2 will stay in the economy (because the Fed is not going to sell those bonds). They are very different things.
-
[quote] Clayton, Excellent thread. I enjoy reading your posts because I have thought through the same implications. If Bitcoin performs as a money substitute with a strong exchanger network at the ready to redeem into specie (namely, gold and silver), then it can bridge both worlds. Scarcity is different and desireable on the Internet because it is
-
[quote] Lets suppose the government outlaws fractional reserve banking, but keeps our current fiat currency system the same. Can a Full Reserve Banking System co-exist with a fiat monetary system? What would be likely consequences of such changes? [/quote] Theoretically yes, but what is the point? Central banks were created to protect the overexpansion
-
Guilty here.
-
http://www.economicpolicyjournal.com/2010/11/fed-at-jekyll-island-theyre-baaack.html [quote] Well isn't this cute? Just days after the Federal Reserve will announce it has launched QE2, the Fed will hold a major conference at Jekyll Island, celebrating the secret meeting held 100 years ago that resulted in the creation of the Fed. The island is