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This is interesting: "Every fiat-money system is the incarnation of dictatorship." Combine this with: " Bad [depreciating] money drives out good [stable] money." If people have to choose between using fiat and gold for payment, they will choose fiat. So bad money is a superior currency.
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Jevon's paradox: increased efficiency increases demand. For this reason energy conservation will not help because any increased energy efficiency of a product will increase demand for the product, thus offsetting the effect of the increased energy efficiency Economic theory is therefore defective because it ignores human nature and the finiteness
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Interesting thread. I will throw something in too: Division of labour empowers humans to create great works at the risk of people becoming too specialised. People working on the same project or working in the same organisation often do not understand each other. In many cases nobody oversees the complete picture. This undermines the effectiveness of
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I have been away some time but I have worked on something interesting. It is the Natural Money Bomb. Here it is: The Natural Money Bomb is weaponised superior efficiency that will wreak havoc and create chaos in the financial system. It will bring down the banks and Wall Street when it is used. The core ingredient and explosive material is scrip money
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Here is something to think about: If someone brought a 1/10 oz gold coin to the bank in the year 1 AD, and the money remained there until the year 2000 AD, collecting a yearly interest of 4%, the amount of gold in the account would have been 3.6 * 10^31 kilograms of gold. This is 1.9 * 10^27 cubic metres of gold weighing 317 times the complete mass
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[quote user="Jon Irenicus"]How about, I am ignoring them because they're either a) not great minds or b) full of shit or perhaps both? How about I am not wont to give in to stupid, anachronistic, superstitious authoritarianism banning the practice of charging interest? Look, I do not want to live in an economy without interest. Find someone
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Interest is of course highly debated because people do not like the idea of God wanting something they do not want. So they try to change definitions. Usury definitely was defined as the charging of interest (and not excessive interest). However people do not like that idea because they think they have the right to something (be it interest, gay marriage
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Your God is money and Ludwig von Mises is his prophet I can imagine why you are ignoring the greatest minds of mankind like Irving Fisher, John Maynard Keynes and Albert Einstein because you have a specific political agenda. I can imagine you are ignoring the example of Wörgl where the economy improved beyond imagination and people preferred stamp
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[quote user="nazgulnarsil"]democratic voting and taxes huh? sounds like a winner.[/quote] It is quite cumbersome to organise a referendum on a money supply change. However, it does not matter much: The fundamental soundness of natural money A government issuing natural money might be tempted to issue additional currency. But this is not a
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[quote user="nirgrahamUK"]question, do you call it 'natural money' because its completely artificial?[/quote] It is natural in the sense that it is derived from corn receipt money that Joseph introduced to the Egyptians and the Natural Economic Order of Silvio Gesell.