Small version attached. ... From: Arno Mong Daastoel To: Moore, The Ridge Cc: gang8@yahoogroups.com Sent: Wednesday, November 12, 2008 10:02 AM Subject: Re:...
thannks Arno, this bears on my interest in the intellectual history of differentiating between credit uses, which I first came across in Richard's work. where...
Dear Gang, I am convinced that the establishment of a global monetary authority is a dangerous idea. It is already clear that the power of national monetary ...
Dear Richard, The only problem with local national currencies these days is how to ward off currency raids. So your solution would have to come with capital ...
Dear Michael, A nation of course has the right to impose currency controls if necessary. However, it may not be necessary, as there are other methods, such as ...
Thanks, Robert. Very interesting! especially .. but can’t discover if a storm is brewing. This is the problem when dealing with systemic imbalances. They are...
Richard, This deals with only one of your points. No need to comment on the others. 'Direct issuance of government debt' is already the norm, so what...
I made one of my regular checks of local asking prices today. Two bedroom apartments seem most affected, down from £118,000 to £70-80,000. Geoff I made one...
Dear Geoffrey, You say ³Debts arise from a transaction in goods and services.² But this isn¹t the case at all with the last $3 trillion or so of U.S....
Please let me know what you think of this draft. Brevity is of the essence, so there had to be omissions. Michael, and anyone else, do you have any suggestions...
Please let me know what you think of this draft. Brevity is of the essence, so there had to be omissions. Michael, and anyone else, do you have any suggestions...
Dear Geoffrey, Debt: Two points: as Michael says, isn’t the State Theory of Money that money is what the state deems legal tender? In the US, this is Federal...
Dear Richard, A few points. I DIDN¹T say that making money ³legal tender² was the key. The Innes book showed that. The key is accepting money in taxes. I ...
Dear Michael. The creditary approach to money - that money is one economic agent’s IOU to another - is divorced from the state theory of money. The notion...
Dear Michael, Understood. I also was not necessarily referring to the government borrowing FROM the Fed, but due to the existence OF the Fed, it must now...
Dear Richard, Thanks for this initiative. I have interspersed this draft with my comments, in the attchment and also copied below. I have not read the ...
Michael, I am short of time. 'Strips', gilts which pay no interest, are priced at discounts to compensate for the lack of interest, and surely you agree that...
Richard, What the Bible says is of minuscule importance in my view but which biblical injunction do you refer to? Leviticus makes absolutely clear that the ban...
Dear Geoffrey, What Paulson said was an outright lie. Congress appropriated $700 billion for ³cash for trash.² Then, the bank lobbyists got into the game....
Dirk, ?? how can a subset of bank credit rises in excess of overall bank credit growth? Or do you mean in excess of GDP growth? This refers to the percentage...
Geoffrey, (1) You referred to the Christian view on usury as being based on Aristotle. I ventured to state that the Bible is the main source of the Christian ...
Dear Richard. My apologies for not having commented before - I had a deadline on a major translation project today. Briefly, I read your draft three times and...
081114 Gardiner to Gang re the AMI Act Before going away for a few days I am rushing out comments on Stephen Zarlenga's draft legislation. I had hoped to avoid...
Dirk, I found the reference: Frisch, Ragnar. (1976). Economic Planning Studies. A Collection of Essays, Selected, Introduced and Edited by Frank Long, Preface...
Dirk, ... Note also the many related discussions on this list, such as this year's May, July and September, and the term suggested by Chris Meakin: The Quality...
Thansk for that reference, Arno. Yep, we have touched on this more than once - it is now overly clear as outsde our little corner that credit quality matters! ...
Dear Richard, I made a suggestion, and let it mature for some days before I sent it to the gang. I tried to avoid what I normally do: Always post many...
