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.)
Archive for the ‘History’ Category
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. Also, thanks to a frequen
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.â
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 govern
Coffee with Joe 3/5/10: von Mises Criticisms
A series of videos rebutting the criticisms presented in The Dangers of Monetary Reform at the Libertarian/Austrian von Mises website. See also, the posting Dick Distelhorst’s Rebuttal of Von Mises Criticisms. Part 1: Introduction, in which Pete
Coffee with Joe 11-16-09 Part 2 (of 2): Not Worth a Continental!
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 stu
Coffee with Joe 11-16-09, Part 1 (of 2) Fiat Money: Debt-Based or Debt-Free?
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 bank
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Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11