A Constitutional Money System

Morry Markovitz is the knowledgeable person on monetary theory & policy whom I had in mind to address Trudy's question.  And Morry did come through for us!  But this needs to be a separate discussion so that it can be found again. So, I'm asking every one to repost their comments here - you too, Morry!

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Permalink Reply by Mark on July 29, 2012 at 2:09pm

John Law's Bank is an uncanny image of the American banking and fiscal system in the 21st Century. Our financial "gurus" are not ingenious innovators but mere plagiarists of history's failures. John Law was a scoundrel of the highest order; a gambler, drunkard and a con-man. His genius was not in prudence and morality but in wicked deception and calculated risk.

"Quantitative easing" was HIS invention ! Creating fallacious credit markets to fuel economic growth has it's origins in this gambler's scheme. Building confidence in the currency by lying to the populous was a gambler's "bluff" that is perpetuated to this very day!  When are we going to stop listening to the "experts" who have a vested interest in tyranny and oppression and begin to use the God-given strengths of the human mind to extricate ourselves from the trap of domination through ignorance? 

Permalink Reply by Mark on July 29, 2012 at 10:32pm

Two quick reads on John Law's Bank. I am including these links to avoid those explanations which erroneously refer to this con-man as an "economist" with economical "theories"... Any way for those interested:

This Article by  Sizemore  ,

See also:  This article by Paul Sustain

Permalink Reply by David J Edwards on July 30, 2012 at 12:38am

Do you recall the common old saying: "Let George do it."?  It referred to George Washington... not Bush #1 or 2. 

In the Revolution, about 20% (sometimes as many as 30%) of colonists fought to be free of royal Rule and tyranny.  The other 70% tried to act as if nothing was going on... sat on oblivious duffs spinning yarns of wool, cotton, and hot air.  Many hollered hymns with self-righteous fervor until the smoke cleared.  THEN they transformed into strutting Patriots waiving flags in annual parades... right before they ate all the chicken and sweet potato pie. 

Not much has changed. 

Too much of humanity is vapid, cowardly, lying, illiterate, pompous, lazy, timorous, and apathetic... generally, not much better than Beer-rack Hoozinsane Obummer or the trash who help him. 

If one expects very little good out of that glorious majority, one won't be disappointed. Fixing a broken nation is a burden that always falls on the sore shoulders of a tired but caring, alert minority.

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