Saturday, 7 February 2009
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The criminal can see no better option
The value of State paper is derived from violence
Socialism doesn't work because it is immoral
The State is in contravention of Natural Law
The redistribution of wealth is encouraged by the taxing assets which we can't make more of (such as the Land Value Tax)
Money is a measure (symbol) of credit and loaned money has no value
Anarchy might provide the solution
Interest rates are derived from (a consequence of) the changing tastes of consumers in the marketplace
Why anarchy doesn't provide a solution
Why "Quantitative Easing" doesn't work if the Central Bank buys Treasuries
Government regulations create artificial scarcity in supply
Taxes destroy the incentive to create wealth
Default on bank debt
Buy Treasuries with bank credit
Questions of morality arise from the use of force
How to introduce an asset-backed currency (or barter)
Inflation expectations will result in increased commercial borrowing which removes high interest rates from the yield curve
How asset-backed currencies prevent fractional-reserve banking
My punishment is that others have seen my crime
How to get rid of fractional-reserve banking
Why is everything so expensive?
Why an increase in bank credit affects prices in the same way as an increase in the monetary base
What needs to happen
How banks create money
New ways for central banks to deliver money
Monetary policy causes asset price inflation
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