Hi everyone, This is my first post here. I’m puzzled by the problem of interest. It seems to me that since money comes about through the creation of debt plus interest, there is always a greater amount of debt in the system than there is money. This creates an organic need in the system for default…

Hmm meant to quote your sentence “I think the resistance to sound money concerns people wanting to have their cake and eat it too. In other words, sound money would reveal to them that things are actually scarcer in many ways than they want to believe.” at the beginning of my last post, didn’t work.…

Here are two: you are assuming that inflation is automatically bad. Inflation is not any more bad than a bird crapping on your head is bad. It just is. Whereas, theft and fraud are bad. A lot of the inflation we experience is directly attributable to theft and fraud. In a truly free market, the…

Temporarily, yes, there would have to be a dramatic reduction in standard-of-living as credit contracts and businesses, households and, yes, even the government, are forced to balance their budgets. This will lead to a cascade of bankruptcies, defaults, etc. We actually agree with the Keynesians on…

“Temporarily, yes, there would have to be a dramatic reduction in standard-of-living as credit contracts and businesses, households and, yes, even the government, are forced to balance their budgets. This will lead to a cascade of bankruptcies, defaults, etc. We actually agree with the Keynesians on…

That’s a large part of it. It’s not unlike the global warming industry. When your paycheck is signed by an organization that not only has a preferred conclusion for you to reach, but also has the power of force behind it, it’s a lot easier to just fall in line. But another large part of the resist…

At the risk of also sounding like an idiot… isn’t it true that in terms of pure numbers (GDP), there actually would be less growth in a sound money system, because of the lack of easy credit. The problem is that people are conditioned to think of economic health only in terms of GDP. So as long as …

One important thing to note about GDP is that it does not take into account broken windows .

The concern I have about the principles we’ve been discussing is that I don’t think they would work well unless implemented in full. For example, the Austrian view seems to be that government regulation is bad, period. So what happens if Ron Paul gets elected, and due to an uncooperative Congress is…

Interest

Economics Economics Questions

John_James October 17, 2011, 5:52pm 19

Yes.

Again, New member? READ THIS!

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Interest

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