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  • 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
  • Re: Questions regarding FED's interest rate mechanism

    @ meambobbo Great post, just curious... So... perhaps what might be ideal is a completely open, free-market competition in actual currency? Gold, silver, paper money (backed 100% by X Y or Z) or e-gold, diamonds, vintage cheeses (joke!) or whatever the free-market innovates and finds most convenient...
    Posted to Economics Questions by fingolfin on Wed, May 21 2008
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