I was saying that banks create the money stock when they buy government bonds. That money stock is destroyed when bond principal and interest is paid. The government spends the newly created borrowed money how the few in Congress guess is best for the collective. Then they income tax the productively of the collective to … Continue reading Quick Recap
I ran into Garry Leech's article on CounterPunch: Why America’s Next President Will Not Be a Socialist. I'd been wondering what the heck Bernie was about and was grateful it was somewhat explained. I got about half way through when I realized that he made a distinction between socialist, social democrat, democratic socialist, and capitalism. … Continue reading Unconfusing the ‘isims’
A Standard Measure While you may have never sat down to think about it, the Dollar is a measurement unit. Like a ruler measures length a Dollar measures value. They are both standards that we all commonly agree to use to make measurements with. If you want to tell somebody how long something is you … Continue reading How to Maintain the Dollar’s Value and the Inflation Tax
To live by the law of the Elastic Republic is to have liberty. Elastic Republic is designed for people who have the liberty to volunteer their time to work on projects. The Ballot market provides every member the ability to be a part of a organized community that is "bigger then me." It is the ability … Continue reading Who For?
According to Mike Hearn, a Bitcoin Developer in the news, "...despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly. The fundamentals are broken..." He goes on to describe the problems with the ability of the system to handle the growth in the number of payment … Continue reading Will there be a Bitcoin 2.0?
Ballot: the total amount of money in existence / the population of citizens.
If a Constitutional Convention were called, with the potential for a complete rewrite of the US Constitution as happened in 1789, what would you advocate? How would you educate your fellow citizens? -Edward A Ipser Jr The US Constitution established a way for the English Colonies to unite in war against tax theft payable to the … Continue reading A Rewrite of the US Constitution?
The law of marginal utility comes into play. There is some point at which the amount of property a rich guy owns is more than his family can use. So the incentive should be for him to list the property for sale and increase inventory in the market. However, the provision of housing is a valuable … Continue reading Is a Republic Egalitarian?