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I am currently reading Murray Rothbard's "What Has Government Done To Our Money? & The Case for a 100 Percent Gold Dollar". I recently came upon a curios passage that states the following: "I need not go through the familiar but fascinating story of how gold and silver were selected...
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See Rothbard's What Has Government Done to Our Money . When a regular person buys a government bond, that person is spending money they had to have somehow received beforehand from someone else. That is, it must have been money that was already in circulation. When the Federal Reserve buys government...
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[quote]There is a good case to be made that banking, like many social needs, is a federal not a local issue, and so should have a federal bank. Interstate commerce is regulated by the federal government, not state governments. This is constitutional. You make many claims that I do not agree with about...
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When you say that they find the writings of Rothbard too hardcore-libertarian, have you actually shown them or are you just assuming this will be their reaction? If it's the latter, then I would suggest showing them Rothbard's work anyway (specifically: The Case Against the Fed , What Has Government...
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I know the general idea of gold standard and I am strong supporter of it. Unfortunately I didn't have a chance to read anything about this problem in particular so I am not aware of all arguments that were put forth by austrian economists. Recently I gave it little more thought and I came up with...
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[quote user="Norak"]Wouldn't it be better to simply buy land in the country, stockpile on food, guns, water, and so on? You can't eat gold.[/quote] Possibly. However, not everybody can buy land or grow their own vegetables. Therefore, gold serves the rest of us who need to trade. The...
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Money as debt is a good educational video of how the system works but it's socialized solution is something that could be compared to the FED itself. The amount of money created (liability) in the economy should equal to that of the production (asset) of a nation thereby offsetting each other and...
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There must be people on here that are aware of Roy Jastram's fascinating work "The Golden Constant". Its a book sized piece on the gold/commodity ratio from 1580 until 1976. Its a great read if you know about Mises' theory on the interest rate and the Gibson's paradox observation...
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Just tonight, I was talking to someone about how the market entails natural regulations, regulations which the government perverts and negates through its own coercive regulations. I gave the example of our banking industry which, thanks to Big Government, is essentially completely unregulated. Banks...
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[quote user="CShirk"]I was talking with my dad about the gold standard, and he brought up what seems to me like a good point. One of the problems with the gold standard is the use of gold in modern technology. Gold is highly conductive...[/quote] How would this be an argument against the Gold...