MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.
Hoppe wrote in 1990 of the road that governments would take to create a one-world government, one-world central bank, and one-world currency. He was almost spot on.
In this testimony to Congress, Joseph Salerno describes how to fix the problem of fractional reserve banking.
The Bank of Canada's official mandate to promote the “the economic and financial well-being of Canadians,” isn't compatible with the Bank's real mandate which is apparently to look out for the good of a small number of powerful banks.
The Fed and the ECB have taken two different paths since the 2008 crisis. Here's what you need to know.
Bob interviews Nelson Nash, developer of the Infinite Banking Concept.
MMT boils down to government using its monopoly over money to dictate and control production, obliterate free markets, suppress private enterprise, and impoverish the people.
By creating money out of thin air, central banks repeatedly create bubble industries that must inevitably be liquidated.
The Fed is prepared to squeeze out what little is left of the free market forces in the debt market. The Fed wants full control so it can do "whatever it takes" to keep interest rates from rising above its very-low targets.
The printing press doesn’t create real resources, it only obscures the method by which the government siphons them away from the private sector.
