A series of videos rebutting the criticisms presented in The Dangers of Monetary Reform at the Libertarian/Austrian von Mises website.
Part 1: Introduction, in which Pete lists the legitimate topics for discussion:
Part 2: Constitutionality
More to come soon…
Joe discusses the mythology behind the Continental, the debt-free currency that allowed the colonies to fund the revolutionary war independent of the european banks, as well as the hyperinflation of the Weimar currency in the 1920s. He recommends students read Stephen Zarlenga’s The Lost Science of Money for more detail.
In Part 1, Joe distinguishes between [...]
In today’s Coffee, Part 1, Joe distinguishes between debt-based (what we have now) and debt-free fiat money systems and explains why the debt-free solution is superior to reforms suggested by Austrian economists (like Peter Schiff), such as free banking and commodity (i.e. gold) backing.
In Part 2, Joe discusses the mythology behind the Continental, the debt-free [...]
Which would you choose? The money system that confers hundreds of billions of dollars a year to the benefit of the U.S. taxpayer and leaves us with no national debt, or the one that confers $31 Billion a year, maybe, and created our $12 Trillion national debt?
“Wealth does not come form a bank; it does not come from any money manipulation; it comes from us.”
In this 6 minute video, Will briefly talks about growing up during the depression in Alberta Canada, before describing Canada’s experience of debt-free money issue from 1935-1974 and its barely perceptible effect on the national [...]
In Part 8 (of 9), Joe highlights Milton Friedman’s opposition of money creation by private banks by highlighting the following quote:
“A reform of the monetary and banking system to eliminate both the private creation and destruction of money and discretionary control of the quantity of money by the central bank authority. The private creation of [...]
Under the “100 percent-reserve” lending system proposal, again banks would lend money after it was created and deposited into the banks by their depositors.
FDR came to power in 1933, more than three years after the 1929 Crash. The national banking system was on the verge of total collapse, despite the Federal Reserve banking system being 20 years old. Fortunately, after the Crash, many economists saw the need for an alternative to the private Fed and it’s boom-and-bust prone [...]
Recent Comments
Tadit Anderson on It’s Hard To Tell What Auerbach is Saying
Searle88 on The Mother of All Free Lunches
JoeDunn on The Mother of All Free Lunches