A New Theory and Practice of Money

[wizardwatson]

Please read, very important:

http://www.ronpaulforums.com/showthread.php?t=171365

[wizardwatson]

Can this be a sticky? Who do I ask?

[jonahtrainer]

Can this be a sticky? Who do I ask?

Probably too long to be a stick. A new theory is not in order as most of this has already been adequately written about by Rothbard and Mises (What has Govt done to our Money (https://www.amazon.com/dp/0945466447?tag=run07-20&camp=0&creative=0&linkCode=as4&creativeASIN=0945466447&adid=0CZQRB5F1BA1HJP4035E&), Human Action (https://www.amazon.com/dp/0865976317?tag=run07-20&camp=0&creative=0&linkCode=as4&creativeASIN=0865976317&adid=03JCN7FYMMWNFSZG5NY3&) and Man, Economy and State (https://www.amazon.com/dp/0945466323?tag=run07-20&camp=0&creative=0&linkCode=as4&creativeASIN=0945466323&adid=068ZX01CPDCMBAAMPM6T&))

One problem is a current vocabulary where money, money substitutes and currency are not distinguished. Thus payment and counter-party risk cannot be dissected out and assessed. Anyway, most of this is discussed in the video Monetary Theory 101 (http://www.runtogold.com/2008/07/monetary-theory-101/).

[wizardwatson]

Probably too long to be a stick. A new theory is not in order as most of this has already been adequately written about by Rothbard and Mises (What has Govt done to our Money (https://www.amazon.com/dp/0945466447?tag=run07-20&camp=0&creative=0&linkCode=as4&creativeASIN=0945466447&adid=0CZQRB5F1BA1HJP4035E&), Human Action (https://www.amazon.com/dp/0865976317?tag=run07-20&camp=0&creative=0&linkCode=as4&creativeASIN=0865976317&adid=03JCN7FYMMWNFSZG5NY3&) and Man, Economy and State (https://www.amazon.com/dp/0945466323?tag=run07-20&camp=0&creative=0&linkCode=as4&creativeASIN=0945466323&adid=068ZX01CPDCMBAAMPM6T&))

One problem is a current vocabulary where money, money substitutes and currency are not distinguished. Thus payment and counter-party risk cannot be dissected out and assessed. Anyway, most of this is discussed in the video Monetary Theory 101 (http://www.runtogold.com/2008/07/monetary-theory-101/).

Well monetary theory 101 and 102 are pretty elementary. GoldMoney.com seems high risk to me. $420 Million in one companies vault. Government shutdown waiting to happen. Also, how do you get people in your community to participate in a gold standard currency when everyones stuck on the dollar? Everyone is all about theory and debating and bitching and complaining and no one is trying to come up with a solution.

Anyway, I'm working on shortening it up. That's seems to be everyone's gripe. It's too long to read. I will try to shorten it and make it so simple a 5th grader could understand it, since that's probably pretty close to the average persons education.

Sorry, its late, and I'm tired and bitchy.