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I'm from Israel. (hold on, that's the sad part, not the funny part) Anyway, our old (c. 1985) coins (10 and 50 cent equiv.) are made of 92% Copper, 6% Aluminum and 2% Nickel. Of course, our new, higher denomination coins (2, 5 and 10 Shekel) are just plain steel. Today, the bank of Israel announced that it is planning to replace the old coins
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Look here for example: http://www.treasurydirect.gov/RI/OFNtebnd They almost always aim for debt issuance at par (instead of discount or premium). I was thinking, if I controlled the money supply, I would always issue debt at premium and increase the money supply even more than expected. (get 1XX now at the expense of larger coupons which are eroded
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[quote user="Spideynw"] It has something to do with the fact that the Japanese had savings, and were a creditor government, as opposed to the U.S. people who are in debt, and the U.S. government which is a debtor government. [/quote] could you please elaborate? i feel this is a gaping hole in my understanding of economics.
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I'm trying to understand why the US won't follow Japan's fate (that is, of falling prices despite monetary expansion) but instead suffer inflation / hyperinflation (monetary expansion triggered price rise). I remember hearing Peter Schiff making some points regarding that issue as well (specifically what is different about Japan and the
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[quote user="DD5"] You better step on the gas because your Central Bank, in the course of the last two years, has bailed out your entire banking system, without anybody noticing. Massive inflation is coming your way.[/quote] Believe me when I say that I'm about the only person here who is aware of all this. Every couple of months I mail
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I find that it's quite difficult to encourage people to freedom where is live (Israel). People here are just too habilitated to socialism and coercion, most of the population (the stupid majority) is just beyond repair for a guy with limited patience like me :-)
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Actually when I talked to my friend, the next option after Africa was an island in south east Asia...
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Do you really think "seasteading" could work? I think it's just too capital intensive. You will need to exert a lot of effort just to create the "land" and maintain it. I think it's quite plausible that a corrupt dictator in Africa would want to sell some of the land he currently rules for bribe, going into his own pocket
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Hi, I got to this discussion with my friend, I suggested that the libertarians of the world unite and buy a piece of land from a government in Africa. This area would be chosen because of it's relatively sustainability (resource wise) and scarce population. The people there will be paid to leave, or at the end of means, they will stay and will have
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Yeah, but I don't see how what you wrote relevant to my question...