Re: Four Horsemen
- --- In LandCafe@yahoogroups.com, "roy_langston" wrote:
>Roy, the film gave differing views. One talking head was for the gold standard which gave the impression it was for this, but is not what the film advocates.
> --- In LandCafe@yahoogroups.com, "John" wrote:
> > The conclusion of the film is
> > introduce LVT and go back to the Gold
> > Standard.
> Unfortunately, Ashcroft doesn't understand money, and calls bank-issued debt money "fiat money." Commodity (gold) money could work, as it did in former times, but we can't get there from here; and debt money can't work, so fiat (greenback) money is the only workable kind of money left. Fiat money would work well as long as its issuance was under the control of an independent Mint whose sole mandate was price stability.
"We do not suggest going back to the gold standard - we say that a stable money supply is the cornerstone to a well functioning economy, society and ultimately democracy. This is clearly stated in the book Four Horsemen: The Survival Manual. A money supply in the hands of private banks who are incentivised to expand it for profit is - as we see today - disastrous. Ask any saver."
- --- In LandCafe@yahoogroups.com, "harrypollard" wrote:
> So why not say they are changing systematically?"Inflation" is shorter and more descriptive.
> How does calling rising prices inflation help to "understand how, when and why"?Having a label and definition for the concept helps people share information about it.
> Whereas inflation in its original meaning indicates that the money issuer has done something.Maybe that's part of it: the apologists for bankster privilege want to conceal the fact that it is private commercial banks that are issuing the money, not government.
-- Roy Langston