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…

“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…

Yes. Again, New member? READ THIS!

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…

That’s very perceptive. You’re much quicker than most. Yes there is some danger in that, but it’s not very probable. I actually think competing currencies would be legalized before all financial regulations would be repealed. The only way financial regs would disappear would be if the public made it…

That was interesting to see the Ron Paul video about voluntaryism. Having seen that, his positions make a lot more sense. I had always wondered, for example, about him invoking private property rights to deal with environmental problems - I had never heard anyone else deal with it in that way. I’m …

Then, those who wish to opt out of the tax system can do so, and they will not receive those associated services. It also makes sense to remove the monopoly the government has on providing these services, right? Otherwise, what good is ability to opt out? And when you agree to remove this monopo…

Interest

Economics Economics Questions

John_James October 17, 2011, 6:44pm 22

Bingo. See here and here.

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Interest

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