Bank credit is money, not cash.
Bank credit is money because it is a liability of the state. Cash is only money if it is a liability of the state, which sometimes it is.
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2011
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- The banks are the same as the state if they have a...
- The government does not understand how banking works
- Frb is an ambiguous term to use to describe the ba...
- Elections give the government no legitimacy
- Cash is not money unless it is a liability of the ...
- The individual has rights equivalent to those of t...
- Something is money if it alters the price of other...
- Frb damages the integrity of the currency and shou...
- Only an institution which keeps full reserves can ...
- It is not illegal for banks with deposit insurance...
- The ability of banks to inflate the money supply i...
- The banks should not be trusted
- Political elections are a violation of our natural...
- Banks cause price inflation unless they hold full ...
- It is less bad to tax the rich than to tax the active
- Fptp doesn’t work at providing good government
- There is no such thing as money
- It’s best not to expect that debts will ever be pa...
- Fptp gives an unfair advantage to the main parties
- Banks do not have a right to be bailed out
- Frb is counterfeiting but nothing worse than that
- Banks issue money because they are part of the gov...
- The government should not monetise bank credit
- There is nothing special about cash
- As below
- It doesn’t matter that banks are insolvent because...
- Frb is not a very good idea
- Frb is the wrong choice for the government to have...
- Deposit insurance is inflationary
- It is impossible for banks to fail if they have de...
- Increasing the money supply is theft
- Banks print government credit which is the predomi...
- There is no point having a parliament or MPs if bi...
- Big government is a result of the voting system
- First past the post restricts choice for the voter
- PR would remove the inherent advantage enjoyed by ...
- Only the state is immune from bankruptcy
- The government increases the money supply when it ...
- Within most banks deposits exceed reserves many ti...
- When a bank makes a loan this causes inflation
- The money supply is not independent of bank activi...
- All governments are collectivist
- People that own themselves do not have a government
- Proportional representation is more efficient at a...
- First past the post doesn’t work
- Frac res banking is not aggressive
- Higher prices are not a sign of economic strength
- Without deposit insurance the money supply would n...
- Banks should be allowed to fail
- Fractional reserve banking is nothing more than an...
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About Me
- Geolibertarian
- John Locke, Second Treatise of Government: "No body could think himself injured by the drinking of another man, though he took a good draught, who had a whole river of the same water left him to quench his thirst."
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