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Tag Archives: monetary system
Mary Mellor’s “Debt or Democracy”: Why Not Quantitative Easing for People?
Mary Mellor’s “Debt or Democracy”: Why Not Quantitative Easing for People? Although it is widely assumed that governments are the source of all new money – through “printing it” – the so-called private sector is the source of most new money put into circulation. In one of the most successful enclosures of the commons in […]
Why we need to beat Russia
Why we need to beat Russia 250,000 capitalists read the Financial Times, and it has been our undertaking to chronicle our understanding of capitalism via our book The Philosophy of Capitalism. A USA led team has answered the question ‘What is The Nature of the Monetary System?’ The Monetary system has three layers – the […]
Eugen Bohm Von Bawerk: Greenspan, The Sheepherder
EUGEN BÖHM VON BAWERK: GREENSPAN, THE SHEEPHERDER It is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy. His infamous “Greenspan-put” in which his actions at the central bank would be driven, if not dictated, by the whims of financial markets, clearly […]
Interview With Dr. Emma Dawnay on the Swiss Referendum on Monetary Reform
INTERVIEW WITH DR EMMA DAWNAY ON THE SWISS REFERENDUM ON MONETARY REFORM The following questions have been answered by Dr Emma Dawnay, on behalf of Monetäre Modernisierung, the organisation bringing the Swiss Sovereign Money Initiative (or Vollgeld-Initiative in German). The interviewer is The Cobden Centre Editor, Max Rangeley. How does the current monetary system affect […]
The Global Monetary Non-System
The Global Monetary Non-System NEW DELHI – As 2015 ended, the world boasted few areas of robust growth. At a time when both developed and emerging-market countries need rapid growth to maintain domestic stability, this is a dangerous situation. It reflects a variety of factors, including low productivity growth in industrial countries, the debt overhang […]
A Free Market in Interest Rates
A Free Market in Interest Rates The Corn Control Agency Unless you’re living under a rock, you know that we have an administered interest rate. This means that the bureaucrats at the Federal Reserve decide what’s good for the little people. Then they impose it on us. In trying to return to freedom, many people […]
How Can We Do Better? The Alternative: Public Money Creation
How Can We Do Better? The Alternative: Public Money Creation A well-functioning monetary system is essential for a well-functioning economy and thereby, for the common good. The state is the agency responsible for the public interest. The responsibility for and control over the monetary system and money creation should therefore be placed with the state […]
Blame the Federal Reserve, Not China, for Stock Market Crash
Blame the Federal Reserve, Not China, for Stock Market Crash Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose “solutions” to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they […]
Gold and the Grave Dancers
Gold and the Grave Dancers The Asset They Love to Hate … Back in the 1960s, Alan Greenspan wrote a well-known essay that to this day is an essential read for anyone who wants to understand the present-day monetary and economic system (which is a kind of “fascism lite” type of statism, masquerading as capitalism) […]
The Fed’s Fatal Flaw: A Predictable End
The Fed’s Fatal Flaw: A Predictable End So last week a very savvy investor asked me my view (h/t Simon Popple) on – When and what will break the chains on gold by those seemingly omnipotent forces that so assuredly keep its price in check? In essence, the belief is (and I expect for most honest and […]
The American Dream – Moonshine and Scam
The American Dream – Moonshine and Scam Infection When we left you yesterday, we were trying to connect the bloated, cankerous ankles of the US economy to the sugar rush of its post-1971 credit-based money system. Today, we look at the face of our government. It is older… with more worry lines and wrinkles. But […]
Empire v Mere State | Armstrong Economics
Empire v Mere State | Armstrong Economics. QUESTION: Marty, your insight into the failure of Austrian and Keynesian economics was really eye opening. At your conference you said that Adam Smith’s Invisible Hand applied internationally not just domestically. I believe I have reached the level of understanding you have been teaching us. It is indeed global […]
The Global Monetary Reset Is Under Way | Zero Hedge
The Global Monetary Reset Is Under Way | Zero Hedge. The Global Monetary Reset is under way, but people have not noticed it yet. The key is the move to zero interest rates. Government debt almost everywhere is too high to ever pay off, let alone pay a traditional rate of interest on. As debts come due, […]
