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.
Archive for the ‘History’ Category
Coffee with Joe 7-15-10a: PMR Says No to Gold Standard
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”.
Coffee with Joe 7-1-10: A Program for Monetary Reform
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.)
A Program for Monetary Reform, the 1939 Document
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 [...]
Coffee with Joe 6-10-10; Frederick Soddy
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.
Seigniorage, by Eric Zencey
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 [...]
Dick Distelhorst’s Rebuttal of Von Mises Criticisms
The AMI’s Dick Distelhorst wrote a lengthy rebuttal in the comment section of the von Mises blog article: The Dangers of Monetary Reform, which we reprint here.
The Coinage Clause in the Constitution
…an exhaustive review of the “coinage clause” in Article 1 Section 8 which concludes “the money thus “coined” did not need to be metallic. Paper or any other material that Congress selected would suffice.”
The Other Flow of History
Joe responds to the ModernMystic that society will err in a major way if we even consider that the ratings agencies can determine the cost of government’s efforts to maintain economic stability, when it was the ratings agencies that caused the government’s actions in the first place by the agencies’ failure to properly “rate” the [...]
Coffee with Joe 7-8-10: State Banking?
by Peter on July 8th, 2010
Filed under: Coffee with Joe, Current Events, History | Tags: Alex Jones, analysis commentary, Bank of North Dakota, Bill Still, Coffee with Joe 7-8-10, Joe Bongiovanni, Kettle Pond Institute for Debt-Free Money, Monetary Reform, Nathan Martin, Nathan's Economic Edge, Prison Planet, Program for Monetary Reform, SwarmUSA, Zarathustra Youtube
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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