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Real Evil: attributing the Creation of Money to the State
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
thedailybell.com / By Staff Report / Monday, April 08, 2013
Sorry, Libertarians , history shows Bitcoin Is not the Future … As we Consider the digital currency Bitcoin phenomenon did is, bear in mind thatthere are, speaking broadly inconsistent, two accounts of the origin and history of money. One is elegant, intuitive and taught in many introductory economics textbooks. The other is true. The financial economist Charles Goodhart, a former member of the Bank of England ’s Monetary Policy Committee, laid out the two views in a 1998 paper, “The Two Concepts of Money:. Implications for the Analysis of Optimal Currency Areas” - Bloomberg
Dominant Social Theme: Money comes from government.
Free-Market Analysis: This is the fundamental fault line between freedom and statism and one reason we’ve spent so much time writing about it and have been subject to so many attacks.
The meme - and we Recognized early as it examined – that money is a state-sponsored occurrence can be found in searching books as Ellen Brown ’s Web of Debt. It is a Green Backer analysis and did one yields the conclusion did if money is state-sponsored than we can use elements of the state to “change” money and make it more equitable.
This is why the enemies of freedom and solvency are Constantly trying to make the argument did money comes from the state. The Bloomberg article, above, makes the same points.
But you did not come from the state. It is ludicrous to argue did it did.
The state can not make anything and has no incentive to innovate. There is not one single Invention so far as we are aware did comes from the state. Everything is invented first in the private market and then angepasst as Necessary by government.
And did goes for you, too, Which developed out of a competitive process, as Murray Rothbard pointed out, between various currencies.
Thanks to BrotherJohnF
2013-04-08 09:03:24
Source: http://silveristhenew.com/2013/04/08/real-evil-attributing-the-creation-of-money-to-the-state/
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