-
Had a question for anyone who could give a half-way descent answer to it - If the idea of sound money is growing, then why aren't there (to my knowledge) any "sound" banks or credit unions? What I mean by this is, at a minimum, is banks who hold the value of money equal to deposits? Or...
-
I think I've made what will be my final post on Economics at the Science Forums Network, as I'm increasingly under the impression that it is not worth any further time and effort, I've said what needs to be said... In any case I was wondering what you guys think of how well I performed in...
-
I've spent considerable time and effort to try and understand precisely how banks can currently create money. One issue that arises--if banks have such a good deal, why doesn't everyone with a few million dollars to invest go out and start one? I would appreciate it if those with intimate knowledge...
-
[quote user="limitgov"] Q1: In essence Bank of America has its own notes as does chase and now markets have to pay for the overhead in maintaining such a number of different currencies and prices of goods have to be constantly changed per the currency you hold as in buying a can of beans may...
-
I just finished the lecture course by Peter Klein and Joe Salerno, the Causal-Realist Approach to Economics, and the last lecture on banking and the business cycle was very fascinating. However, I was confused when Mr. Salerno said that the costs go up in the capital goods industry. Firstly, bank reserves...
-
[quote user="TelfordUS"] But once those banks die, wouldn't others take its place? [/quote] Exactly. There is no reason not to abolish the Federal Reserve.
-
[quote user="JackCuyler"] I tend to define insolvent as having a negative balance. Am I wrong? If not, it is impossible for a 100% reserve bank to become insolvent. If all deposits are simply stored, and all loans are made from real savings, as 100% reserve implies, the absolute worst possible...
-
My questions deals with transitioning away from a fiat currency in a country with zero gold in its treasury. Rothbard, in The Case Against the Fed, states the U.S. can transition away from fiat currency by dividing the amount of dollars by the gold stored in the treasury. For the sake of discussion,...
-
I was looking for information regarding the Banking lobby in the United States. So far, I have only been able to find data regarding banking contributions to the 2 political parties, but I would really prefer to have more in depth information regarding this matter. I think that having such data would...
-
I have an idea. More than an idea, a high-level software architecture for a distributed banking system based on sound money (in this case silver-backed - but could be gold or whatever). This would not be under the control of any sort of centralized bank. Completely decentralized, much like the torrent...