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Pastimes
Book Nook
An SI Board Since March 2001
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Emcee:  Thomas M. Type:  Moderated
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43CB - <i>No, our currency is backed by bank reserves, which consist of notDon Lloyd-3/21/2001
42>>What we have is pure fiat money, backed by the promise only that it willIlaine-3/21/2001
41CB - <i>I am having difficulty understanding the difference between commoDon Lloyd-3/21/2001
40I am having difficulty understanding the difference between commodity backed monIlaine-3/21/2001
39CB - <i>...As an aside to Magner, from what I am reading the Austrian ecoDon Lloyd-3/21/2001
38That would be consistent with what Kindleberger says, that the big New York bankIlaine-3/21/2001
37Have you read Benjamin Anderson's "Economics and Public Welfare"? Thomas M.-3/21/2001
36I found exactly the type of book about the Great Depression I was looking for, CIlaine-3/21/2001
35>>Stocks are wealth, but the question is how much.<< Right. The quIlaine-3/20/2001
34There is real money put into and taken out of the stock market. The problem withGraceZ-3/20/2001
33CB - <i>OK, stock prices aren't money but stocks are wealth. I believDon Lloyd-3/20/2001
32<i>If the money never existed, was it a hallucination? </i> Ask sochic_hearne-3/20/2001
31OK, stock prices aren't money but stocks are wealth. I believe the country Ilaine-3/20/2001
30Don seems to be arguing that the money just changed hands, you are saying it allIlaine-3/20/2001
29CB - <i>Now I am getting really confused. I asked you if all $6 trillion Don Lloyd-3/20/2001
28<i>I asked you if all $6 trillion just changed hands, and you say yes.<chic_hearne-3/20/2001
27Now I am getting really confused. I asked you if all $6 trillion just changed hIlaine-3/20/2001
26CB - <i>I am struggling to find a way to express my question, so please fDon Lloyd-3/20/2001
25>>Except for taxes, this re-distribution has had no effect except that theIlaine-3/20/2001
24I did a search for "book", and that thread did not come up. That'Thomas M.-3/20/2001
23Related thread: Subject 20342~digs-3/20/2001
22CB - <i>The way I understand von Mises and Austrian economics, boom/bustsDon Lloyd-3/19/2001
21The way I understand von Mises and Austrian economics, boom/busts are not causedIlaine-3/19/2001
20CB - <i>I think the belief in historical cycles is an artifact of the driDon Lloyd-3/19/2001
19The purpose of the South Sea Bubble was to relieve the English government of L9,Ilaine-3/19/2001
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