Mathematically Perfect Economy (MPE) refuted by Victor Aguilar

Posted June 26th, 2008 by atrickpay

Remember that guy that was peddling his MPE theory on this site?

I wondered if his theory had any merit. But trying to examine it in any detail proved almost impossible due his site's incomprehensibility.

However, Victor Aguilar has done us the job of looking into it and also refuting it. See his paper here.

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I recommend reading this article

On June 27th, 2008 ssg263 says:

I recommend reading this article
http://www.globalresearch...
written by Richard C. Cook, a policy analyst at the US Treasury from 1986-2007 who understood the need for sensible monetary reform to restore economic democracy

Aguilar replies to SSG263

On July 8th, 2008 Pickles says:

Victor Aguilar has added an appendix to his paper, Review of Montagne's Mathematically Perfected Economy www.axiomaticeconomics.co... which addresses SSG263's comments. Since Montagne himself is conspicuously silent, SSG263 must stand in for him.

Victor Aguilar has also written a paper, Review of Richard C. Cook's Monetary Reform Program at www.axiomaticeconomics.co... Since Cook has also chosen to remain silent in the face of this criticism, SSG263 will have to stand in for him as well.

Yuck, that's monetary socialism

On June 27th, 2008 atrickpay says:

Giving a government control of the money supply is an immediate no-no to someone who adheres to libertarianism.

I don't think he wants to

On June 26th, 2008 ssg263 says:

I don't think he wants to ban all borrowing at interest

Montague's primary argument is that the government should get the benefit of fractional reserve lending of government money and these funds should be distributed in a manner that would benefit everyone, not just private banks
He says nothing about private banks lending their own private funds at interest

correct me if I'm wrong here

So in other words, the

On June 27th, 2008 akak says:

So in other words, the government should steal from everyone, then redistribute the stolen wealth back to those it stole from.

Yep, sounds pretty logical and desirable to me!

I don't know + give the gov't the power to do it?

On June 27th, 2008 atrickpay says:

a) Like I said, I found his site almost completely incomprehensible.

If Victor managed to get around that, and is accurately understanding Montagne's thesis, then MPE is a farce. Some of his critiques were devastating.

b) Why on earth would someone want to give a government the power to do fractional-reserve banking? That's more money for it to enslave us...

"b) Why on earth would

On June 27th, 2008 ssg263 says:

"b) Why on earth would someone want to give a government the power to do fractional-reserve banking? That's more money for it to enslave us..."

So the government can issue a national dividend to make up for the difference between GDP and purchasing power. This is where the privately controlled debt based monetary system screws us.

Ahah, ya I'm sure we can trust

On June 27th, 2008 atrickpay says:

a government to issue a dividend for any excess monies that it has in its coffers!
*smacks forehead*

SSG, it still boils down to

On June 27th, 2008 akak says:

SSG, it still boils down to robbing Peter to pay Paul, and robbing Paul to pay Peter (with the government taking its own hefty cut along the way). What is the point?

who is being robbed in this case?

On June 27th, 2008 ssg263 says:

who is being robbed in this case? All I'm saying is that the government should issue the government's money.

Fractional reserve banking

On June 27th, 2008 akak says:

Fractional reserve banking is always theft ---- theft of the average citizen through inflation. Just read Ron Paul's book "The Case for Gold", in which he documents the numerous examples of fractional-reserve-banking crashes in American history, all brought about through official government policy, and all lain on the backs of, and paid by, the average American.