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Re: (UK) investment advice for a beginner - gold/silver etc.

Thanks guys. @ Matthew - I'm not sure if I'm after digital currency or physical gold/silver. Perhaps either/or, I'm really new to this and just want to backup my money while I still can. However, being able to actually use it (in small or convenient amounts) when the time comes is clearly...

Posted to Economics Questions by fingolfin on Tue, Oct 7 2008

Natural economic order

First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...

Posted to Economics Questions by niphtrique on Fri, Oct 3 2008

Re: Why have a Central Bank?

Ron, You are quite right about both Rothschild's quote and your statement that Britain does not have a 100% reserve system. Private banks played an extremely important role in financing nations and issuing their currencies in the 19th Century, and the Rothschild's among others profited greatly...

Posted to Economics Questions by PhCrawford on Mon, Sep 15 2008

Re: Why have a Central Bank?

Central banks perform a number of functions; basically they act as the government's own bank, holding the government checking accounts and collecting tax receipts, facilitating the issuance of bonds, etc. They are also frequently given regulatory functions, such as the enforcement of fractional reserves...

Posted to Economics Questions by PhCrawford on Sat, Sep 13 2008

What do we know about banks? PART II

Banking system has not always been like it is now. This is perhaps no surprise. However the fact that it seems now to be more sophisticated does not necessarily signifies progress. In fact it’s something else. What do we really know about banks? In the previous part there has been considered an initial...

Posted to RECONOMICS by SSLK on Mon, Nov 26 2007
Filed under: money, banks, inflation, bysiness cycle

What do we know about banks? PART I

Banking system has not always been like it is now. This is perhaps no surprise. However the fact that it seems now to be more sophisticated does not necessarily signifies progress. In fact it’s something else. What do we really know about banks? This article is also available in Spanish in the translation...

Posted to RECONOMICS by SSLK on Mon, Oct 1 2007
Filed under: money, banks, inflation, bysiness cycle