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  • History of Gold as Money?

    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...
    Posted to History (Forum) by 2220 on Wed, May 28 2008
  • Re: When can the fed print more money?

    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...
    Posted to Economics Questions (Forum) by hjmaiere on Sun, Apr 13 2008
  • Re: Professor's Response in Favor of Fractional-Reserve Banking -- How should I respond?

    [quote]There is a good case to be made that banking, like many social needs, is a federal not a local issue, and so should have a federal bank. Interstate commerce is regulated by the federal government, not state governments. This is constitutional. You make many claims that I do not agree with about...
    Posted to Economics Questions (Forum) by krazy kaju on Fri, Apr 4 2008
  • Re: Ron Paul & monetary crank supporting him

    When you say that they find the writings of Rothbard too hardcore-libertarian, have you actually shown them or are you just assuming this will be their reaction? If it's the latter, then I would suggest showing them Rothbard's work anyway (specifically: The Case Against the Fed , What Has Government...
    Posted to History (Forum) by britainland on Sun, Feb 24 2008
  • Question about gold standard

    I know the general idea of gold standard and I am strong supporter of it. Unfortunately I didn't have a chance to read anything about this problem in particular so I am not aware of all arguments that were put forth by austrian economists. Recently I gave it little more thought and I came up with...
    Posted to Economics Questions (Forum) by jstaniak on Thu, Feb 14 2008
  • Re: Why Gold?

    [quote user="Norak"]Wouldn't it be better to simply buy land in the country, stockpile on food, guns, water, and so on? You can't eat gold.[/quote] Possibly. However, not everybody can buy land or grow their own vegetables. Therefore, gold serves the rest of us who need to trade. The...
    Posted to Economics Questions (Forum) by Charles Anthony on Mon, Feb 4 2008
  • Re: A video on banking today

    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...
    Posted to Economics Questions (Forum) by 86thefed on Sat, Dec 22 2007
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