Addresses manipulation of volume as the cause of the boom/bust cycle. But blames the State for this, instead of the Money Power. Ignores the wealth transfer from poor to rich through interest and tries to explain it away as a normal free market price for money. Favors interest bearing Gold.
Modern Austrians want a free market for currencies, which is positive. They mistakenly claim Gold will prove to be best in such market. But Gresham’s Law predicts people will hoard gold and pay with paper.
Clamors for deflation. Deflation hurts debtors (90% of the population), as the value of debts and the interest payed over them increases in value. Kills economic growth because people hoard cash instead of investing and consuming.
Deflation is a result of crashing demand, due to a contracting money supply. The associated declining prices are not a boon, but a symptom of a serious disease.
End the Fed: a Trojan Horse destroying the Truth Movement from within
Why Tom Woods is wrong about the Greenbackers
Fighting Free Market Fundamentalism
Austrian Economics, Apostles of Austerity Defending Deflation
the Austrian ‘Free Market for Currencies’ Hoax
Libertarianism’s main fault: Blaming the State while ignoring the Money Power
Why Gold is so strongly deflationary
Phoenix Rising, the Return of the Gold Standard
Top Ten Lies and Mistakes of Austrian Economics
The Inflation vs. Deflation Dialectic
Bitcoin, a Positive Step forward in Monetary Reform
Hate the State, buy Gold and all will be well: an Alternative Media in crisis
The Ron Paul Challenge: 10 reasons why the Alternative Media is failing this test
Austrian Economics is still ‘Jewish’ Economics
Why Bankers love Gold
The Problem with Gold
Alex Jones joins Alan Greenspan in calling for a Gold Standard
The Money Power build up of Libertarianism and Austrian Economics
How the Money Power created Libertarianism and Austrian Economics
The “Catholic” Arm of Libertarianism, By Memehunter
The Satanic Core of Libertarianism, By Memehunter
Old Rothschild- and Rockefeller hands controlled the Libertarian-Communist dialectic, By Memehunter
How the Money Power spawns Libertarians
Who is Ed Griffin?
Discussions with the Daily Bell
The Daily Bell: Usurious Commercial Banking is Good, Interest-Free Government Money is Tyranny
Discussing Gold and Interest with the Daily Bell
Daily Bell: wrapping up
The Daily Bell tolls for another round in the debate
Meanwhile, at the Daily Bell……they might have a point about Ellen Brown and OWS
See the Daily Knell for Memehunter’s great work on Libertarianism and the Daily Bell
Notable Third Party Articles:
The U.S. Constitution doesn’t say money should be gold or silver coin, by Faux Capitalist
Greenbackers vs. Goldbugs, by Eric Blair (Activist Post)
Taking Aim at the Austrian school of Socialism, from the perspective of Landreform by Keith Gardner
Inflation is Interest, Deflation is Theft, by Keith Gardner
Prophets of Mammon: Purveyors of Liberty, Servants of Corruption, by Peter D. Goodgame
Sees the deflationary tendencies of the Gold Standard and proposes reflation of the economy in times of depression. However, they don’t understand that reflation with currency based on interest bearing debts implies ever growing costs for capital.
Currently they say money is cheap, with low interest rates. But these debts will have to be rolled over in a few years. And history shows that interest rates are guaranteed to rise.
‘Quantititive Easing’ as perpetrated by Ben Bernanke has nothing to do with reflation. Bernanke handed out trillions to the banks to support their destroyed balances. ‘Reasoning’ that banks were undercapitalized due to the Credit Crunch and therefore not lending. They are still not lending. Meanwhile those who failed have been given trillions, at the cost of the public.
The reflation must be done with interest free capital supplied to the real economy: consumers and firms.
Webster Tarpley criticizes Wall Street and ‘deregulation’. Not bad, but he also avoids the monetary system itself, let alone interest.
Full Reserve Banking
Full Reserve Banking is the next step after getting rid of Fractional Reserve Banking. It is relevant both under a Gold Standard and debt free money.
The problem is, that the Money Power can (re)gain control of the Money Supply through compound interest, even if the money was created debt free.