An excellent article by Gary North. See also the previous part.
Actually there are new concepts that require no debt – see e.g. Open Capital.
Blog
The impossibility of 'Just Tax'
April 14, 2007There are only net tax payers and net receivers in any given society where government coercion is practised. See why, explained by Murray Rothbard.
The U.S. vs. John Lennon
April 5, 2007Go and check this out The U.S. vs. John Lennon. A well-made documentary that shows the other side of John Lennon that focused on social and political issues. The official web-site.
Economics is not politics
April 4, 2007“The intrusion of politics into the field of economics is simply an evidence of human ignorance or arrogance, and is as fatuous as an attempt to control the rise and fall of tides. Since the beginning of political institutions, there have been attempts to fix wages, control prices, and create capital, all resulting in failure.”
Frank Chodorov from The Rise and Fall of Society.
Chapter 6: The Humanity of Trade.
Practical case of 'Make a law, make a business'
April 2, 2007“Dillon, Read & Co. Inc. and the Aristocracy of Prison Profits” is a good case in point how the law is turned into a business driven by high level politics.
The Dunwalke-website puts it another way: “Make a law, make a business.” — Old New Jersey street saying.
See also Rothbard’s brief outlook of Wall Street, Banks, and American Foreign Policy.