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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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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...