“The whole thing was legitimate. Frogs were cash as far as Doc was concerned, the price was standard and Lee had a double profit. He had his five-frog margin and he also had his grocery mark-up. The whole thing hinged on whether they actually had the frogs.” (from Cannery Row by John Steinbeck, 1945)
Archive for the ‘Pete's Blog’ Category
The Mother of All Free Lunches
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?
The Poker Game as Debt-Based Monetary System
To conclude the poker analogy for now, though, I go back to the question: what are the advantages of borrowing poker chips from Bill that they could have created themselves.
Correct Me If I’m Wrong: Pete’s personal blog
This marks the first installment of Correct Me if I’m Wrong, my personal blog here at EconomicStability.
To my friends and family who clicked on the link in the email, welcome to our new site. This post will update you on how I came to be agitating for monetary reform.
To any others who find [...]
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