← Autodidact Archive · Original Dissent · OlafLynckner
Thread ID: 11378 | Posts: 3 | Started: 2003-12-06
2003-12-06 06:38 | User Profile
I put up some good links that talk about usury free economics. I do not agree with much of what is said on those sites but what they say on the subject is worth while. Still, one is best looking to Catholic and Orthodox social theory and the NR people/groups that turned those ideals to practice.
Argentina's RGT(Red Global de Trueque), is the biggest barter club network in the whole world with well over one million participants throughout Argentina. Usury free economics at work right now.
[url]http://www.cyberclass.net/argentina.htm[/url]
How local governments can abolish usury and increase prosperity.
[url]http://www.cyberclass.net/abolishusury.htm[/url]
Interesting introduction by an American anti-usury site:
[url]http://www.perfecteconomy.com/pg-interest-multiplies-debt.html[/url]
Article about risk and usury: [url]http://www.perfecteconomy.com/principal---facade-of-risk-justifying-usury.html[/url]
Why changing interest rates is an unsound means for controlling inflation:
[url]http://www.perfecteconomy.com/principal---facade-of-controlling-inflation-by-interest.html[/url]
Explanation of adversarial role of non-representative government, and how the propaganda of its enmity compels society to attest to false prosperity, to the further detriment of prosperity:
[url]http://www.perfecteconomy.com/nl20020226-contrarian-proof.html[/url]
Please clarify how people who depend on earnings from the interest on their investments will be able to manage under LETS or Community Currencies or Mutual Credit systems because in these systems there is no provision of interest income. Particularly the disabled or the retired people and senior citizens.: [url]http://www.perfecteconomy.com/nl20020122-question-from-india.html[/url]
Excellent site with tons of information on third way theorist opposed to usury, state control and capitalism but in favour of private property and economic freedom. Both material in German and English: [url]http://ourworld.compuserve.com/homepages/ruetten/Gesell.htm[/url]
Information on excellent alternative banking program in action called JAK ekonomisk förening which is about the Danish version of the Svensk JAK is an acronym - Jord, Arbete och Kapital - Swedish for Land, Labour and Capital, the factors of production in traditional political economy. Again, No endorsing but some good ideas and worth reading: [url]http://home.swipnet.se/%7Ew-55704/jakeng.htm[/url]
From Leviticus To Political Economy Chapter XIX of The Warfare Of Science With Theology by Andrew Dickson White (1832-1918), published 1896. "Among questions on which the supporters of right reason in political and social science have only conquered theological opposition after centuries of war, is the taking of interest on loans. In hardly any struggle has rigid adherence to the letter of our sacred books been more prolonged and injurious." [url]http://www.infidels.org/library/historical/andrew_white/Chapter19.html[/url]
Moderate American populist take on banking but also has a good section on Veblen: [url]http://villa.lakes.com/eltechno/ETsix.html[/url]
2003-12-06 10:28 | User Profile
Which will be the first municipal Mayor and Council daring to authorize the printing of $1,000,000 in municipal 'usury-free' time currency bonds for a snow removal project (or otherwise) whereby the Mayor negotiates to bypass the 'usury' bankers? The Mayor and Council would authorize the printing up of $1,000,000 in municipal 'usury-free' time currency bonds bearing 'no usury.' These 'usury-free' tokens will weigh 100 pounds. The Mayor and Council will pay for the targeted local project with the 100 pounds of 'usury-free' time tokens instead of accepting the fallacy of having to use the 100 pounds of small denomination 'usury-bearing' bills to pay for the project and then find 10 more pounds of small denomination 'usury-bearing' bills to pay the 'usury' bankers.
Maybe I shouldn't be replying to this when I'm in such need of sleep. But, that looks like gibberish. Pounds of money? Tokens?
Yeah, all the city has to do is print interest-free bonds and thus cut out the banker. Oh oh, these bonds wouldn't be worth their face value because of implied interest and someone would still be needed to come up with all the cash.
2003-12-06 11:08 | User Profile
[QUOTE=Happy Hacker]Maybe I shouldn't be replying to this when I'm in such need of sleep. But, that looks like gibberish. Pounds of money? Tokens?
Yeah, all the city has to do is print interest-free bonds and thus cut out the banker. Oh oh, these bonds wouldn't be worth their face value because of implied interest and someone would still be needed to come up with all the cash.[/QUOTE]
I dind't understand that either.
Walter