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This is soooo wrong. Check back your macroeconomics 101 textbooks, or just look it up on wikipedia: Deposit Multiplier Example It is sometimes said that banks make tremendous profits through the deposit multiplier effect. One should however keep in mind that for every additional fraction...

If you define communism as a system where the government systematically expropriates its citizens private wealth...YES!! “It is significant that the Bank of England was launched to help the English government finance a large deficit. Governments everywhere and at all times are short of...

But how can you make sure that it will not be replaced by a national central bank?

Ron Paul considers the FairTax a better alternative to the current system, but it's not his preferred one.

Let's suppose the ECB does harmful or blatantly corrupt things and everyone wants to get rid of it. How would you do it? Which elected political body has the power to do that?.

palenimbus I never said it was good or desirable, I said it was an inherent cultural tendency and ron paul will stand in the way of that. Americans rather blow all their money on flat screen tvs and new cars, do you think they will save money because ron paul puts us on the gold standard and...

European traders: you are screwed and you don't realize it! Want to abolish the ECB? Sorry guys, it can't be done.

:confused: :confused: You must be joking. Are you really serious? Ask yourself: who was responsible for the high 70's inflation. Do you really think a loose monetary policy has no effect on inflation and exchange rates?

palenimbus My point is fiat currency best caters to the inherent tendency of wanting to consume more. Yes, it facilitates consumption, by the government via inflation tax, and by the public via irresponsible credit. Please enlighten us how are these things good and desirable. Besides a...

All lies. Absence of a Central Bank in Panama Results in Fiscal Stability By James Newcomb Published: 2007-05-01 20:03 ARTICLE SYNOPSIS: Panama has no central bank, and no means of creating money out of nothing to meet the government's operating costs. The result is an incredibly...

Cut or not to cut? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1665181>

Look that PRINT button finger <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1665178>

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For those who missed it <object width="425" height="366"><param name="movie" value="http://www.youtube.com/v/EIyFg6_5xKk&rel=1&border=0"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/EIyFg6_5xKk&rel=1&border=0"...

Ron Paul Actually, he has a great personality and he's very charismatic, that's why he has a large underground following. What he lacks is wider name recognition, due to media blackout. He's been the best speaker in GOP debates, has the best ideas and seems to be the most competent...

The wealthy are already leaving or thinking about it. There is nothing unpatriotic about voting with your feet, specially when you feel that no one wants to hear your opinion. Tuesday, October 16, 2007 - Vol. 9, No. 246 Why the Well-to-Do Are Escaping America Dear A-Letter Reader...

Bingo. From your own observation, we can conclude that high commodity dollar prices are basically a result of the depreciating US dollar i.e. devaluation. And a devaluated currency goes hand on hand with inflation. Therefore you cannot rule out asset price inflation as the explanation...

Actually, www.mises.org is a libertarian website supporting Ron Paul. The Mises Institute's president Lew Rockwell www.lewrockwell.com is Paul's close friend and a true libertarian: anti-government, anti-war, pro-freedom.

Saying that income taxes are better than consumption taxes reveals lack of knowledge in economic matters. Ron Paul says that a consumption tax system is better than the current one based on income taxes. This is unquestionably true. Anyone with a minimum knowledge of finance and economics...