Archive for the ‘History’ Category

Coffee with Joe 8-12-10: PMR Debt-Free, Government Money

by Peter on August 15th, 2010

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In this installment, Pete and Joe discuss the PMR’s recommendation that the Federal Government issue the money debt-free after repealing fractional reserve banking, then contrast it to the American Monetary Institute’s proposed legislation.

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Coffee with Joe 7-24-10: PMR 100% Reserves

by Peter on August 2nd, 2010

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Further detail about the document from 1939, “A Program for Monetary Reform” (aka PMR). In this installment, Pete and Joe discuss the PMR’s take on the alternative to fractional reserve banking, full-reserve banking, aka 100% Reserves, or as PMR co-author Irving Fisher titled his book, 100% Money.

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Coffee with Joe 7-22-10: PMR Criticism of Fractional Reserve Banking

by Peter on August 2nd, 2010

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Further detail about the document from 1939, “A Program for Monetary Reform” (aka PMR). In this installment, Pete and Joe discuss the PMR’s take on fractional reserve banking.

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Coffee with Joe 7-15-10b; PMR The Monetary Authority

by Peter on July 20th, 2010

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A “monetary authority” would be tasked with determining the amount of new money the US Treasury would create each year, if the Program for Monetary Reform (PMR) were implemented.

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Coffee with Joe 7-15-10a: PMR Says No to Gold Standard

by Peter on July 16th, 2010

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Further detail about the document from 1939, “A Program for Monetary Reform” (aka PMR). In this episode, Joe and Pete discuss the section on the problems with the gold standard, and what the authors suggest as an alternative, the “standard of stable buying power”.

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Coffee with Joe 7-8-10: State Banking?

by Peter on July 8th, 2010

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Pete thanks Zarathustra for typing up the “Program for Monetary Reform” which was highlighted in last week’s Coffee with Joe. Then the conversation moves to Bill Still’s interview with Alex Jones a few days ago.  Bill is a founder of the Greenback monetary reform effort SwarmUSA .  He says we need to end private money creation, [...]

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Coffee with Joe 7-1-10: A Program for Monetary Reform

by Peter on July 2nd, 2010

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Joe introduces the rare 1939 document,  a proposal for debt-free money (Greenbacks) issue by the Federal Government that specifically addresses the monetary authority that would control the amount of money. It also calls for repeal of Fractional Reserve Banking (money creation by private banks.)

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A Program for Monetary Reform, the 1939 Document

by Peter on July 2nd, 2010

Filed under: History | Tags: , , , , , ,

We have several different file formats of the rare document available, thanks in part to Zarathusthra and Joe who retyped and reformatted the entire paper from Joe’s Xerox copy of the original. 1) A Program for Monetary Reform (clean, 29 page PDF: recommended) Other versions: 2) Word document of version #1 (29 pages) 3) Scan [...]

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Coffee with Joe 6-10-10; Frederick Soddy

by Peter on June 11th, 2010

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Soddy won the Nobel Prize in chemistry in 1921, then turned his attention to a scientific approach to money and the economy. Joe recommends we spend some time getting to know him. Arian Nevin’s website is a good place to start.

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Seigniorage, by Eric Zencey

by Peter on May 11th, 2010

Filed under: Current Events, History | Tags: , , ,

My friend, Eric Zencey, has just posted this outstanding article at George Mason University’s History News Network: Seigniorage Chances are that unless you’re a total financial policy wonk, you’ve never heard the term “seigniorage.” But you should, because doing the right thing with it could help solve two large and interrelated problems: instability in our [...]

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