Monetary System - The more I think I know.. the more I am ignorant.
Having learned about so much through my conversion from teenager socialist to adult libertarian I still find myself in situations where my positions are put hard on the spotlight and self-doubt bounces through my nervous system.
I have been delaying the reading and studying of the monetary systems, their history, the banks, the creation of money, etc.
A "socialist libertarian", who inclines more to Chomsky trends gave me a bath of instruction on banking and the money supply and how I am an ignorant fool to believe in my Austrian leanings.
So to begin I come hereby to ask for the most recommended authors, books, studies, videos to help me start in which I believe is where most of us followers talk too much with passion and w/out knowledge. I am looking for the simplistic but also the most holistic. Obviously I am aware that it is a challenge to grasp the whole functioning, but it something I wish to begin as soon as possible.
I speak only for myself and guess that there are many like me.
Regards,
Scott Alexander
Thank-you
Thank-you for all the inputs. Some of these links were on libertarian thought which is all good but what I am looking for is to learn how the "engine" of banking actually works, also how currency and debt work which are interwined obviously.
However lots of good links! Thanks.
"The Law" by Frederic Bastiat...
...is, page for page, the most precise and powerful exposition of its size. There are many worthy recommendations on this list already, but begin with Bastiat. First we must grasp the principles before we must grapple with the history. Bastiat and Hume and Smith and Ricardo are the firm foundations on which von Mises, Hayek, Rand, Rothbard, Rockwell, and Paul have built.
LXXI BC: Ego sum Spartacus // MDCCCLVII: I am Dred Scott // MCMVL: Ich bin Anne Frank // MMX: Je suis Assange // MMXI: Ik ben von NotHaus
"The Law" is excellent.
"The Law" is excellent. Definitely a must read. It's short and goes straight to the point.
Yes.
I believe I will start with that.
Ellen Brown "Web of Debt"
The most important and informative book on monetary systems is Ellen Brown's Web of Debt.
It is a current book and the info is very relevant to what is happening today.
If you want to learn about the Federal Reserve, be sure to read Eustice Mullins book "The Secrets of The Federal Reserve." He was the original researcher that most all Fed books are based on.
A good website for historical references on money is:
http://yamaguchy.netfirms.com/
Good luck!
Larry
END the FED before it ENDS US
First of all,
What did this "socialist libertarian" tell you? What specifically was his argument against Austrian economics? I bet if you scrutinize what he said, you will find out that his argument is much weaker than you initially thought.
What is his solution? Does his solution involve nationalization of banks and central planning? What evidence did he present that these ideas could possibly work?
What economists does he listen to? What would be his ideal tax system? Does he look to other countries (such as the soon-to-be-bankrupt European countries that so many American "socialists" love) as a guideline?
What does he think about the Constitution? Is he concerned with the fact that the Constitution likely forbids his favored "socialist" policies?
These are all important questions and I think that you will find somebody who describes themselves as a "socialist libertarian" probably does not have great answers to them all.
Democrat-Republican,
Democrat-Republican, Capitalist-Socialist, Keynesian-Austrian...
"Augustus [Caesar] was sensible that mankind is governed by names; nor was he deceived in his expectation, that the senate and people would submit to slavery, provided they were respectfully assured that they still enjoyed their ancient freedom."
Gibbon's Decline and Fall of the Roman Empire
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
"The Theory of Money and
"The Theory of Money and Credit" by Ludwig Von Mises
"What has Government done to our Money?" by Murray N. Rothbard
"Meltdown" by Thomas Woods (This was where I started, It's easy to understand and it deals with our current situation.)
Of course, "End the Fed" is great too.
I am currently reading "Crash Proof 2.0" , but honestly sometimes Peter rambles and looses me a bit.
I'd rather have a bottle in front of me than a frontal lobotomy
www.tattoosbypaul.com
www.512clothing.com
CAMPAIGN FOR STATE BANKING!
“CAMPAIGN FOR STATE BANKS”
time to END THE FED and big government..Ron Paul bill HR 1207 to audit the fed will do nothing,as the federal reserve lawyers will cook the books and make everything look just dandy..a waste of time..in fact I would bet the fed lawyers are fudging the accounting books right now working on it..the fed must be ABOLISHED,and it can be done w/o nary a bill to get rid of it..with this new state banking money system,the fed will die on its own accord..state run banks ARE the solution..a new interest free paper currency issued in each of the 50 states possibly backed by silver,[NO GOLD]..we had our money backed by gold in 1929 and the 1930’s..did it stop the great depression? NO!..although gold would still retain a value 16 times greater than silver per the constitution,with each state making their own $1,$5,$10,$20,$50,and $100 paper notes backed by silver[ex: $20 Texas silver note..under that "payable to the bearer on demand $20 in silver [when presented at any state bank,you would receive either $20 worth of 90% silver coin, 20-.999 silver dollars,4 - 5 oz. .999 silver bars,or 2 -10 oz, .999 silver bars],and all 50 state paper notes would be accepted in every state and abroad..having 50 different notes for the 50 sovereign states would make it extremely difficult for the banksters to take back control of the U.S. money system again.. a dollar would be 31.1 grams of silver[ONE OUNCE] as per the constitution..change for the new paper notes would be pre-1965 90% silver again[only 90% silver with 10% copper is hard enough to take the day to day pounding/ movement/exchanging and hold up],and 100% copper again for pennies..a state run interest free loan banking system run by the people.. for the people.. there would be only a small administrative fee/ cost, to borrow money to pay state bank employees and mgrs. etc.
EX: you would borrow $210,000 for a $200,000 house,and pay back $210,000 over the next 5,10,or 15 years,instead of the present parasitic fractional reserve banking system where you would buy a $200,000 house and pay the private parasitic fractional reserve lending banksters $1,000,000 over 30 or 40 years.. ditto credit cards..
a petition page will soon be up at WEB OF DEBT.COM
where you sign it and demand your state
[unless you already live in N. Dakota that already has state banks] implement state run banks..
..BANKS AND “OUR” MONEY CONTROLLED BY WE THE PEOPLE..
NOT BANKSTERS OR A ROGUE,BLOATED,CORRUPT,FEDERAL GOVERNMENT !
talk about PROSPARITY RETURNING TO AMERICA!
imagine paying $500-$1,000 for a new car again..
of course a new state bank silver dollar will have the purchasing power of a 1913 dollar!
randy n.
Books
You will know banking if you read the following, Which can be found for free at the pdf link.
Money, Bank Credit, and Economic Cycles
Jesus Huerta de Soto
mises.org/books/desoto.pdf
You can thoroughly show Socialism to be an inferior ideology to Capitalism and Individualism by reading The Road To Serfdom by FA Hayek.
That's the worst advice I've
That's the worst advice I've ever heard...those are graduate-level texts.
Ventura 2012
What are you talking about
The first one is in depth but The Road To Serfdom is known for it's accessibility to the layman. If you want to understand banking in 1 book, that's the book.
Oh yeah, and it's free.
First of all
Chomsky is a NWO controlled asset. Read
http://educate-yourself.org/cn/noamchomskygatekepper26sep05....
He keeps the academic intellectuals from disrupting the Order.
A great little movie for quick fundamental understanding of the money system is "Money as Debt".
http://www.youtube.com/watch?v=vVkFb26u9g8
Edward G. Griffins "The Creature of Jekyl Island" is a good book on central banking as a whole and specifically the Federal Reserve System.
Also a fantastic little book called "The Law" by Frederic Bastiat is available free.
http://bastiat.org/en/the_law.html
Written in 1850ish it is the basis for understanding individual rights and libertarianism.
Try these.
Money Banking and the Federal Reserve
http://www.youtube.com/watch?v=iYZM58dulPE
The Fed and the history of the hoax
http://www.youtube.com/watch?v=Ta7q1amDAN4
Local History of Banking from Territorial days forward.
History Saginaw county Michigan -Chapter Banks and Banking
http://www.archive.org/details/historyofsaginaw00mill
Free includes debt-free!
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Free includes debt-free!
Try these.
Money Banking and the Federal Reserve
http://www.youtube.com/watch?v=iYZM58dulPE
The Fed and the history of the hoax
http://www.youtube.com/watch?v=Ta7q1amDAN4
Local History of Banking from Territorial days forward.
History Saginaw county Michigan -Chapter Banks and Banking
http://www.archive.org/details/historyofsaginaw00mill
Free includes debt-free!
Try these.
Money Banking and the Federal Reserve
http://www.youtube.com/watch?v=iYZM58dulPE
The Fed and the history of the hoax
http://www.youtube.com/watch?v=Ta7q1amDAN4
Local History of Banking from Territorial days forward.
History Saginaw county Michigan -Chapter Banks and Banking
http://www.archive.org/details/historyofsaginaw00mill
Free includes debt-free!
Try these.
Money Banking and the Federal Reesrve
http://www.youtube.com/watch?v=iYZM58dulPE
The Fed and the history of the hoax
http://www.youtube.com/watch?v=Ta7q1amDAN4
Local History of Banking from Territiorial days forward.
History Saginaw county Michigan -Chapter Banks and Banking
http://www.archive.org/details/historyofsaginaw00mill
Free includes debt-free!
For starters, a "socialist libertarian" is an oxymoron. No one
can be both a socialist and a libertarian. A libertarian is by definition someone who is an individualist and who does not agree with the initiation of the use of force. By definition, a socialist ignores individuals and wants force used to make people live according to his/her own ideals. Socialism and Libertarianism are about as diametrically opposed as you can get. And they are 100% mutually exclusive. If someone claims to be a little of both, then they are neither, and are quite confused individuals. Their position is internally inconsistent and this should be obvious by talking to them.
As for reading material - visit mises.org. Check out their articles, audio books, and book store. (they have lots of stuff for free download on the main site and you can buy other stuff as well from the store) They also are on iTunes-U.
Henry Hazlitt is probably the easiest read. His book Economics in One Lesson is a must for a newbie. Short, sweet, and to the point. After that one, you can graduate to Murray Rothbard, Hans Herman-Hoppe and Ludwig von Mises. Note, not all of these authors will agree with one another on everything. But they are all generally on the same page. And all are opposed to Keynesian and Marxist thought.
Don't shy away from a title because it doesn't look like it is directly related to economics. Libertarian thought and philosophy are so intertwined with economics, you can't really separate the two. Economics to a Libertarian/Austrian is simply people trying to live and how they go about that. The Austrian school is specifically not geared toward "metrics." So you won't see any fancy graphs and absurd equations to justify their positions. You will only find reasoning and logic.
That should keep you busy for a few years. All you can hope for in libertarian philosophy and thought is available there.
Another good site is Laissez-Faire Books. They have a website, but I'm not certain of the address. Just do a search for it. They carry more modern titles, some of which are economic, others are just current events and policy.
Socialist Libertarian
I have no idea what it is. I think that is how Chomsky identifies himself and so did this figure. Basically it's a belief in individual liberty with a use of social mechanisms to help society based on the thought they are used in a liberty manner as everyone wants it. Complete rubbish, I know.
The Case for Gold by Ron Paul
The Case for Gold by Ron Paul and Lewis Lehrman(free on mises.org)
-This book does an excellent job at giving an overview of US Monetary history.
A mainstream Money and Banking textbook: Barron's "Economics" is excellent and succinct. You can find it in any bookstore. I used Mishkin's "Money and Banking" in college. It did a decent job. You might be able to get an older used version for peanuts on a college campus.
What has Government done to our Money by Murray Rothbard-An entertaining albeit brief and non-comprehensive overview of the current system. Watch out for its over-emphasis on 100% reserve banking. That is not important in my view.
If you read these 3 books I think you will be in good shape.
Ventura 2012
Here is the best online
Here is the best online source for books on money that I know of, http://www.yamaguchy.netfirms.com/ .
www.memewatchers.com
Yes, I have to concur
Yes, I have to concur :-)
And, there is no such thing as "socialist libertarian"