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[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...
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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...
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i have recently designed the following course for my own use: rigourous introductory study centers around rothbard's 'man, economy, and state', via robert murphy's accompanying study guide as an auxillary map, and with mises' 'human action', 'theory of money and credit'...
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Currency, by definition, is never "hard;" people keep the hard money and spend the least hard. However, the problem is easy if there is a federal system: the central government is mandated to coin both gold and silver coins, the several States adopt one or the other. If someone finds a reef...