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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: 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

Re: Overview/Explanation of American Economic History from a Free Market/Austrian perspective

Wow, can't believe I missed this and it only got one response. Rothbard was a great economic historian, you can refer to the following works, available at Mises for free in various digital mediums and in print at the Store. America's Great Depression Free: http://mises.org/rothbard/agd.pdf Print...

Posted to History by liberty student on Fri, Jul 18 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