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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: How much money does the federal government get from Fed?

According to the Fed Flow of Funds report, the Fed has absorbed about $40 billion per year of Treasury borrowings over the last five years. The $30 billion interest is actually a net loss to the Treasury, since they paid out about $35 billion in interest to the Fed (the difference is the cost of operating...

Posted to Economics Questions by PhCrawford on Sat, Sep 13 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

Re: Questions regarding FED's interest rate mechanism

Point taken. However I'm not debating the form and makeup of a state, or indeed the virtues of anarchism! What I'm curious about is whether or not the core economic issue is the violent enforcement of a monopoly on currency ( by the state ). Fine, get rid of the FED - let the state control money...

Posted to Economics Questions by fingolfin on Wed, May 21 2008

The Definition of Insanity...

It was Albert Einstein who stated that the definition of insanity is "doing the same thing over and over again and expecting different results." After the FED's cutting of interest rates by three-quarters of a point today , those of us wary toward centralized banking and the socialization...

Posted to Veritas by zsignal on Tue, Mar 18 2008
Filed under: federal reserve, business cycle, money, banking, credit, fed