Re. the following: Given private property rights and the law of contract, it is only by means of Credit (intrinsically worthless IOUs in one form or another)...
Although I know little of O'Neill and Lindsay, I do not see their departure, in itself, as a tragedy. They do not seem to have brought a great deal of...
. Gunnar writes: How does the "value" of money relate to (a) Production, (b) Supply and Demand (of intrinsically worthless IOUs), and (c) how do the (a) and...
Dear Gang 8, Just for laughs, try reading F.A. Hayeks DENATIONALIZATION OF MONEY. He is much more of a monetary quack than Von Mises was. I'm counting at least...
Dear Gang: The following extract from Vol. II of Skidelsky's biography of Keynes concludes with expression of surprise at the cavalier manner in which Keynes...
. Gunnar: You rather beat me to the draw by pulling out the following quote and then commenting on it: "As I see it, the unspoken premise of Hayek's concerns...
. Gunnar writes: "Second, Keynes was not an ivory-tower economist but took a very active interest in economic policy-making at both national and international...
For: Interest to-day rewards no genuine sacrifice, and more than does the rent of land." Read: Interest to-day rewards no genuine sacrifice, any more than does...
Re. the following: As I see it, the unspoken premise of Hayek's concerns was the classical pre-supposition which John Stuart Mill stated as follows in his...
. Boundaries of economics Economic science Dear Gunnar and Arno, and others: Gunnar slightly loses me in his note on this of 1 Dec, but I think he is saying: ...
. James notes, with proper regret, that the post-war economy could have been very different had Keynes lived after April 1946 and been able to have his say in...
Mike: Re. the following: Larouche: The Strength of the Bretton Woods System: In fact, the strength of the 1945-1965 Bretton Woods System, lay in the fact that...
FYI. Arno ... From: pae news To: pae news Sent: Tuesday, December 03, 2002 5:57 PM Subject: Issue no. 17 of the Post-Autistic Economics Newsletter G2 If you...
. James writes : "Where we will come out is anybody's guess but it's hard to quench a certain anxiety about where we're going." That's life. It's a journey...
Dear James, Henry and Gunnar: Able to sit on the sidelines for once, I have been fascinated by the exchanges among the three of you. Some truly valuable...
Dear Arno: Re. the following: I do still not understand the whole implications of the ideas (of Cusa, Bruno and Leibniz) that I have tried to explain,...
James, Our idea for economics was that say, Keynes was creative (although building on heretics like Kitson, Gesell and later Douglas). Then you get the...
I am posting this on the gang8 list in case anybody else would like to have a peep on such issues which are at the foundation of economics. Thanks A LOT,...
Dear Geoffrey, Re your query about Hillel, your comment is quite right, as is my statement. The practice of debt cancellation began when the palace was the ...
Henry writes, a propos the unconvincing ideas for a Gold Dinar, "We have to think structurally, not merely in substitution terms." Complete agreement, Henry. ...
The so-called Bretton Woods twins: the IMF and the World Bank, because of recent noises made by Stiglitz, appeared to be at odds in their policy focus. But...
. Dear Henry: It's a fair point to make about the Consumer Age in which we live, yes: the modern economy depends more on a willingness to consume rather than...
Dear Chris, You have a weird idea of what economic freedom is. Irreversible debt bondage isn't MY idea of economic freedom. Nor is the loss, irrevocably, of ...
021129 Ponzi schemes. Michael was absolutely right to be concerned about the possible Ponzi effects of Worker Share schemes. Share purchase financed by...
Dear Gang, It occurs to me that the Intentions vs results of monetary reformers may be likened to the fate of the Chinese invention of gunpowder. It was ...
This email is something I wrote as a response to a post about the 1999 proposal by Marvin Goodfriend on tracking currency and applying a tax. I try to show how...
021127 Gardiner re R. Shakespeare and P Challen to Hudson Dear Michael, I now have a copy of the Shakespeare and Challen book to go through. Appendix E is...
