Comments on: Nixon ends gold convertability http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/ Australian Libertarian Society Blog Fri, 10 Sep 2010 21:10:27 +0000 hourly 1 http://wordpress.com/ By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 30, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46862 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 30, 2008 Wed, 30 Apr 2008 15:35:47 +0000 http://alsblog.wordpress.com/?p=481#comment-46862 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...]

]]> By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 298, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46831 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 298, 2008 Tue, 29 Apr 2008 15:28:44 +0000 http://alsblog.wordpress.com/?p=481#comment-46831 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...]

]]> By: Mark Hill http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46809 Mark Hill Mon, 28 Apr 2008 23:25:19 +0000 http://alsblog.wordpress.com/?p=481#comment-46809 Graeme is being deceitful. There is no such thing as the "fractional reserve business cycle". Not in Austrian economics anyway, which he purports to be a scholar therof. There is an Austrian Business Cycle, based on credit mispricing, but this is another thing altogether. Graeme is being deceitful. There is no such thing as the “fractional reserve business cycle”. Not in Austrian economics anyway, which he purports to be a scholar therof.

There is an Austrian Business Cycle, based on credit mispricing, but this is another thing altogether.

]]> By: John Hasenkam http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46804 John Hasenkam Mon, 28 Apr 2008 15:25:19 +0000 http://alsblog.wordpress.com/?p=481#comment-46804 Well you might be able to have thousands of currencies but it would be an economic loss. I would argue that these banknotes reflected a single currency. That is to say GOLD and the problem with that system wasn’t multiple currencies but simply the fractional reserve practice which lead to the fractional reserve business cycle and to political-moral-hazard and political intervention. But there we were really talking about one currency. --------- Either no reserve or 100% reserve. What's your choice Graeme? Well you might be able to have thousands of currencies but it would be an economic loss. I would argue that these banknotes reflected a single currency. That is to say GOLD and the problem with that system wasn’t multiple currencies but simply the fractional reserve practice which lead to the fractional reserve business cycle and to political-moral-hazard and political intervention. But there we were really talking about one currency.

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Either no reserve or 100% reserve. What’s your choice Graeme?

]]> By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 28, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46803 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 28, 2008 Mon, 28 Apr 2008 15:20:25 +0000 http://alsblog.wordpress.com/?p=481#comment-46803 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/   “The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.”   [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/   “The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.”   [...]

]]> By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 25, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46750 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 25, 2008 Fri, 25 Apr 2008 15:45:32 +0000 http://alsblog.wordpress.com/?p=481#comment-46750 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...]

]]> By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 24, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46717 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 24, 2008 Thu, 24 Apr 2008 15:31:27 +0000 http://alsblog.wordpress.com/?p=481#comment-46717 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...]

]]> By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 23, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46693 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 23, 2008 Wed, 23 Apr 2008 15:40:21 +0000 http://alsblog.wordpress.com/?p=481#comment-46693 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ [...]

]]> By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 22, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46669 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 22, 2008 Tue, 22 Apr 2008 15:14:35 +0000 http://alsblog.wordpress.com/?p=481#comment-46669 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/   [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/   [...]

]]> By: Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 21, 2008 http://blog.libertarian.org.au/2008/01/25/nixon-ends-gold-convertability/#comment-46651 Goldnotes - A Resource Investor’s Blog » London Irvine Report, April 21, 2008 Mon, 21 Apr 2008 15:36:11 +0000 http://alsblog.wordpress.com/?p=481#comment-46651 [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ At the Comex silver depositories Friday there was no movement. Final figures  were: Registered 91.60 Moz, Eligible 45.49 Moz, Total 137.09 Moz.    [...] [...] http://alsblog.wordpress.com/2008/01/25/nixon-ends-gold-convertability/ At the Comex silver depositories Friday there was no movement. Final figures  were: Registered 91.60 Moz, Eligible 45.49 Moz, Total 137.09 Moz.    [...]

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