Feeds:
Posts
Comments

Posts Tagged ‘fiat’

Pete wrote a good piece in criticism to Zeitgeist Addendum‘s proposal for a resource-based economy, and the movie’s own critique of the failings of the current fiat monetary system.

See that article here. An interesting portion on morality of money:

No system is ever moral (or immoral) – only people are. Our current fiat monetary system is based on a governmental controlled banking cartel but it is not certainly the only option available (see e.g. free banking and Free Choice of Currencies). It is far stretched leap to state that no system will work because our current one is at fault. Money is only a tool, an objective means to ends, in itself it is a neutral carrier like energy that can be utilised to constructive or destructive purposes. (see Francisco’s Money Speech)

To which I offerred my own comments (also viewable in the above article), specifically this portion: (more…)

Advertisements

Read Full Post »

It’s often said that Money Is the root of all evil. Why is this so, and more to the point: what is the root of all money? Is it Gold? Is it the sum of all goods and services in an economy?

Paul Grignon produced an animated documentary about money and banking in the modern society which is a must see for everyone who is trying to make sense of why financial crises happen with ever greater scale and frequency, and the intentions and motives behind the money system–most of which will shock those who have never encountered these concepts before.

Check out this fascinating documentary here.

Read Full Post »