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Money
Chapter 3 Endnotes
3.14 Roots – an Early History of Money 1 Del Mar, Alexander. History of Monetary Systems: A Record of Actual Experiments in Money Made by Various States of the Ancient and Modern World. London: E. Wilson, 1895. NOTE: These books are long out of print, and, what a world we...
Chapter 4 Endnotes
4.28 Commodity Money 1 Locke, John. An Essay on Money & Bullion; Wherein are considered, Value Intrinsick and Extrinsick. Money and Bullion compared. Mr. Locke’s Considerations concerning Raising the Value of Coin. The Present State of our coin. And a Scheme for Raising the Value of our Coin, as well...
Chapter 5 Endnotes
5.40 Our Current System: How Did We Get Here? 1 Conway, Moncure Daniel, Editor. The Writings of Thomas Paine, Volume 3: 1791– 1804, “Chapter 26: The Decline and Fall of the English System of Finance.” New York and London: G.P. Putnam’s Sons, The Knickerbocker Press. p.309. Accessed on Google Books....
Chapter 6 Endnotes
6.58 Increase Debt 1 U.S. Bureau of Economic Analysis.“Net saving as a percentage of gross national income [W207RC1Q156SBEA],” retrieved from FRED, Federal Reserve Bank of St. Louis; June 11, 2018. https://fred.stlouisfed.org/series/W207RC1Q156SBEA 2 Byrne, John Aidan. “US companies spent $4T buying back their own stock.” New York Post. August 19, 2017....
Chapter 7 Endnotes
7.77 Step Backwards – Fewer Laws: Free Market Banking & Money Creation 1 Hayek, F.A. Denationalisation of Money: The Argument Refined. Coronet Books, Inc. 3rd Edition. 1990. 2 Hayek. Ibid. 7.78 Step Backwards: Return to the ‘Gold Standard’ or Gold 3 Greenspan, Alan. “Gold and Economic Freedom.” Published in Ayn...
Chapter 8 Endnotes
8.81 Commonwealth Money: Shifting Money from Our Ruler to Our Servant 1 Henderson, Hazel. Beyond Globalization: Shaping a Sustainable Global Economy. Boulder, Colorado: Kumarian Press, 1999. 8.83 Who Gets It? 2 US Government Financial Report 2017. Ibid. p. 55. 3 Kenny, Thomas. “Historical U.S. Treasury Yield Charts: Charts: The Factors...
Chapter 9 Endnotes
9.88 Consequences: Sustainable Life 1 Hedges, Chris. War is a Force That Gives Us Meaning. New York: Public Affairs. 2002 2 Chamorro-Premuzic. “Does Money Really Affect Motivation? A Review of the Research.” Harvard Business Review. April 10, 2013. https://hbr.org/2013/04/does-money-really-affect-motiv 9.89 Health and Prosperity 3 VanLerven, Frank, Graham Hodgson, and Ben...
Bank money creation
In a privately run reserve money creation system, the pressure to expand the money supply is like the force of water carving out a canyon. Overtime, the canyon gets deeper and wider. First, the reserve requirements are whittled away to almost nothing. When reserve requirements have effectively been eliminated, even...
A basic, 100% bank
Putting money to work In addition to storage and transfer services, a basic bank may offer an opportunity to its customers to put their excess funds to work. If customers know they will not need money for a period of time, they can choose to put it into an investment...
Authentic and Trustworthy
Clear thinking We have discussed the importance of being clear when we talk about types of government, money systems or economic systems. However, because authenticity and trustworthiness require some form of power and authority, we need to touch on the realm of governance. Just keep in mind we’re talking about...