tag:blogger.com,1999:blog-6245381193993153721.post5233839676440645048..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Menger’s Nuanced View on the Origin of MoneyLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6245381193993153721.post-48297859944132084882012-11-12T03:34:28.985-08:002012-11-12T03:34:28.985-08:00"These are not money"
Why can I buy stu..."These are not money"<br /><br />Why can I buy stuff with them then?NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-27539070677827586062012-11-12T02:38:10.674-08:002012-11-12T02:38:10.674-08:00Your are wrong mister Neil Wilson.
People being a...Your are wrong mister Neil Wilson.<br /><br />People being actively banned is not necessary if you have legal tender and tax payments in a money. Then the money in question, will be forced on people by way of economic law.<br /><br />It is a use of legislation to use the forces of the market into forcing people to use a certain money.<br /><br />If you sincerely believe this is a myth, then let us abolish legal tender for public and private debts.<br /><br />"We have lots of local currencies, Lets points and supermarket loyalty vouchers expressed in Sterling."<br /><br />These are not money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-73525690353364480472012-11-08T00:35:44.963-08:002012-11-08T00:35:44.963-08:00"For one thing, people are forbidden to use a..."For one thing, people are forbidden to use anything else by the issuing government."<br /><br />No they are not. That is a complete myth.<br /><br />People tend to use the state money within an area that is under strong influence by that state because it makes life easier.<br /><br />Here in the UK we don't really use the Euro, but it is not banned and HM Treasury even allow you to pay your taxes in it (notionally - since it is converted on the fx-market by HM Treasury).<br /><br />We have lots of local currencies, Lets points and supermarket loyalty vouchers expressed in Sterling.<br /><br />So even with a vast continent next to the UK which trades in Euros there has been little move to Euros within the UK. Yet no ban on doing so.<br /><br />So there are other forces that determine which currency people use day to day. <br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-18328403061887364982012-11-07T19:50:15.792-08:002012-11-07T19:50:15.792-08:00Notice that Menger uses the terms intermediary of ...Notice that Menger uses the terms intermediary of exchange and media of exchange to describe what could be created by governments. Rothbard is talking about money which while thought of as a media of exchange is more than that. Money is the most tradable commodity as determined by the market process. Market process does not exist so much with the creation of a MOE like the dollar. For one thing, people are forbidden to use anything else by the issuing government.Anthony Limahttps://www.blogger.com/profile/15923530382897881718noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-75350161733340810162012-11-06T10:29:47.585-08:002012-11-06T10:29:47.585-08:00I have had some heated debates concerning this iss...I have had some heated debates concerning this issue. His 1909 article "Geld" is indeed an article that Austrians fail to read, probably because Menger endorses the state providing for coinage. And as I have pointed to you in the past, some have even claimed him to have socialistic tendencies because of his view on who should supply the coinage in society. Isaac Izzy Marmolejohttps://www.blogger.com/profile/11954588809878738480noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-25837875269131573702012-11-06T05:06:34.206-08:002012-11-06T05:06:34.206-08:00And I am happy to direct any interested readers to...And I am happy to direct any interested readers to review that debate.<br /><br />Nor are your comments unwelcome here. Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-18050324704018523972012-11-06T04:18:21.219-08:002012-11-06T04:18:21.219-08:00The author of this blog has recently commented on ...The author of this blog has recently commented on my blog, after a long spell of not commenting. You may find the debate interesting and it can be found here:<br /><br />http://cynicuseconomicus.blogspot.co.nz/2012/11/gdp-and-economic-growth.html<br /><br />Apologies in advance for my slightly frustrated tone which is resultant from history. Markhttps://www.blogger.com/profile/14983165364072918091noreply@blogger.com