FREE BANKING

Daily reminder the first country to eliminate their central bank and allow free market banking will have the highest living standards on earth within 5 years.

Massive high paying service sector jobs with dominate this country's economy to consume the goods the rest of the world has to produce for it.

The workweek would shrink to 2-3 days a week and people would retire much earlier. This will also lead to more jobs becoming available.

Everyone would have high saving rates. Houses would be inexpensive. Debt would be strongly discouraged economically.

Massive automation would take place as the cost of capital goods would be extremely cheap. This will lead to massive levels of technological innovation.

It would be extremely easy for the average person to start a business due to the cheap cost of capital goods.

Daily reminder actual free markets have prices falling all the time instead is going up.

Daily reminder America never had a system of free market banking for most of it's history. There were only patches of American history with free market banking. The panics that happened during the 1800s were due to government intervention in the banking sector. Sweden had the longest most successful period of free banking and that's what made them really rich.

Daily reminder the longest period of (relatively)free banking in America coincided with the INDUSTRIAL REVOLUTION where wages rose and prices fell.

Daily reminder central banks are the very reason the economy is a pile of shit and our generation is so fucked.

Basically what I'm saying is if we had a free market, the entire fucking country would be disneyland or universal studios and people would barely have to work.

Why would you NOT support this unless you were a shill that hated white people?

Other urls found in this thread:

youtube.com/watch?v=9NXCAjRJm54
youtube.com/watch?v=JG5c8nhR3LE
youtube.com/watch?v=iK91Lq2Jz2Q
stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks
en.wikipedia.org/wiki/Panic_of_1873
en.wikipedia.org/wiki/Panic_of_1893
en.wikipedia.org/wiki/Panic_of_1896
en.wikipedia.org/wiki/Panic_of_1907
wiki.mises.org/wiki/Panic_of_1873
wiki.mises.org/wiki/Panic_of_1893
wiki.mises.org/wiki/Panic_of_1896
youtube.com/watch?v=54z4SI85WgM
youtube.com/watch?v=2VauMFaHJT0
en.wikipedia.org/wiki/Greenback_(1860s_money)
youtube.com/watch?v=jfJAdxnGNL8
twitter.com/AnonBabble

bump desu

>Basically what I'm saying is if we had a free market, the entire fucking country would be disneyland or universal studios and people would barely have to work.

>>Basically what I'm saying is if we had a free market

>Basically what I'm saying is if we had a free market

The government created the federal reserve.

What a unbelievably retarded image.
Kill yourself.

I always bump this pasta.

yes, goyim, let free banking reign, the Great Depression was a Je… I mean, Federalist myth that never happened, right?

>it's a private corporations
Yes, exactly.
>that has a total monopoly on money creation in the United States

This is WHY it's not a free market you fucking idiot.

Holy shit, kill yourself.

>the Great Depression was a Je…
The great depression was the result of central banking(the roaring 20s) which collapsed and then the government implemented a massive scheme of interventions including massive levels of spending, high taxes, tariffs, and other interventions like making it illegal to fire workers, making farmers burn their crops etc.
The depression ended after WW2 when most of these interventions were abolished and taxes and spending was cut dramatically.

Why do communists lose every debate?
lmao

>Capitalist created the Federal Reserve

If you're talking the soft Marxist definition of capitalist, ie "businessman". Businesspeople are constantly petitioning the government for special regulations and permissions to give them an unfair advantage.

This is a big mistake people make about capitalism. Free markets are pro-consumer, not pro-business. You want pro-business, try the current socialist corporatist technocracy that's pumping huge amounts of funds into a bunch of giant transnationals calcified into dominance via legislation.

>The government created the federal reserve.

Yes and No

youtube.com/watch?v=9NXCAjRJm54

It's not that guy was wrong

Any bank can create money.

youtube.com/watch?v=JG5c8nhR3LE

In a free market with no central bank, there is profit to be made as long as prices exist. If the prices of things become automated enough to where they are near zero or zero then nobody would have to work ever and everything will be free.

As automation increases, more and more people will be retiring at a younger and younger age. There will come a point where you only have to work like 5 years or something and you can retire and live off your savings and investments.

This is only possible in a free market with no central bank though.

Central banks and commie SCUM are the enemies.

>Roosevelt and Wilson created the Federal Reserve
>Both were progressives
Really gets your walnuts cranking

>Implying free banking caused great depression
Shill harder central bankster

>Yes and No
Yes.
Capitalists colluded with the government to create it, no fucking shit.
The people who have been researching this since fucking forever have been mostly libertarians.

It's clearly not a free market. It's government intervention.
What is the point of your shitposting?

>Any bank can create money.
The money they create comes directly from the federal reserve, silly.

Socialists are incredibly fucking stupid.

It feels so good that we're actually correct and these retards lose every argument they've ever been in.

>It's clearly not a free market. It's government intervention.

If you had a trillion dollars lying around like the Rockefeller's and Morgan's did, I'm sure you could buy your very own central bank.

It's not a central bank if the issued currency's use isn't mandated by law. It's just a bank.

>I'm sure you could buy your very own central bank.
How?
The government wouldn't enforce it.

Call your bank "the central bank" as much as you want, in a free market nobody will ever fucking use it.

retard

>The people who have been researching this since fucking forever have been mostly libertarians.

Because they're looking for a scapegoat for all of the economic problems which theoretically shouldn't exist in their capitalist utopia.

>he money they create comes directly from the federal reserve, silly.

A very very small amount of the money that's created is from the fed. The vast majority of it is from the commercial banks doing their own thing and printing money out of thin air.

The purpose of the fed is to be a lander of last resort to these commercial banks who are creating these vast sums of money.

>Call your bank "the central bank" as much as you want, in a free market nobody will ever fucking use it.

youtube.com/watch?v=iK91Lq2Jz2Q

Ok here's what you do. You have a few trillion lying around(the exact amount doesn't matter). You create a bank enter into a binding mutually agreed upon contract to have the banks keep 10% of their deposited money in your bank as reserve.

You can then set whatever interest you want on the money deposited there.

Now you have a central bank

>Because they're looking for a scapegoat
No, they're pissed that the government is monopolizing the currency and they're trying to get the word out.
Why are you so mad that your precious federal reserve system has been such a massive failure?
Kill yourself.

>for all of the economic problems which theoretically shouldn't exist in their capitalist utopia.
Libertarians have written books on how central banks are horrible and destroy the free market for over 100 years now.
Why are you so mad that your precious federal reserve system has been such a massive failure?
Kill yourself.

>A very very small amount of the money that's created is from the fed.
All of it is.
When they print the money, it comes from the fed.
They banks are "creating" federal reserve notes, that come directly from the federal reserve.

>The vast majority of it is from the commercial banks doing their own thing and printing money out of thin air.
Which is another thing that is obviously illegal in a free market.
During the mostly free market gilded age period, this was considered fraud and was heavily prosecuted.

>The purpose of the fed is to be a lander of last resort to these commercial banks who are creating these vast sums of money.
Which is anti-free market.
You utter wastes of life seem to support it though.

But but but
FRe moni

Why would anyone sign that contract and back themselves into a fucking corner forever?

Fuck you're stupid.

>youtube.com/watch?v=iK91Lq2Jz2Q
>Gay youtube video that proves my point.
Really makes you think.

>Ok here's what you do. You have a few trillion lying around(the exact amount doesn't matter). You create a bank enter into a binding mutually agreed upon contract to have the banks keep 10% of their deposited money in your bank as reserve.
Anything not 100% reserve is illegal in free market banking.

>You can then set whatever interest you want on the money deposited there.
>Now you have a central bank
No, almost nobody is going to use this bank.
They don't have a central bank because it's not a government monopoly.
It's just a regular fractional reserve bank.

>Fuck you're stupid.
Leftists don't think their theories through very much.

this is actually 100% accurate. once people learn about how money is actually created, they'd realize that they are modern day slaves for the j00.

>Why would anyone sign that contract and back themselves into a fucking corner forever?

a)Remember the central bank creator has a trillion fucking dollars you can afford to pay them.

b)They get stock in the central bank and earn dividends(which they do currently)

"the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends."

stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks

c)the central bank makes bank runs less likely (which happened every 15 years or so in the 1800s). Remember it was commercial bank owners Rockefellers, Morgans who created the central bank in the first place so there was some significant benefit of this to commercial banks.

Pretty much exactly. Leftists have the massively stupid idea that all the money hoarded to a few and it's zero sum game. That's typical Keynesian cancer that needs to go.

You are completely incoherent. Your entire theory of a fat cat "central" bank is shot in the foot by anyone who voluntary chooses not to participate, which would be everyone.

You quoted the wrong person but I will respond anyway.

>a)Remember the central bank creator has a trillion fucking dollars you can afford to pay them.
So?

>b)They get stock in the central bank and earn dividends(which they do currently)
There is no central bank to begin with.

There is no central bank under free market banking.

There was no central bank from 1870s to 1913.

>c)the central bank makes bank runs less likely
So?
They make depressions and recessions much worse.
Bank runs historically were the fault of governments giving banks the right to print money out of thin air.
This is illegal under free market banking.

>which happened every 15 years or so in the 1800s
During 1870s to 1890s USA had basically free market banking.
This period was the most stable period and had the GREATEST increases in economic growth in all of american history.

Money "hoarded" is called savings.
It increases the value of all other currency in the economy. It makes people richer.
It's the lifeblood of the economy, you need to underconsume in order to produce things.
Basic logic.

You asked how someone with a a few trillion lying around could create a central bank and I told you

Left button only. The right is simply false. Corporotist jews colluding with the federal government established the Federal Reserve. Why is he sweating?

and you got proven wrong

their bank isn't even central because not everyone would use it
In fact almost nobody would use it, why would people intentionally fuck themselves over

>Thinking a central bank has any value without a government forcing everyone to use its currency.
Keep your retardation and AIDS to yourself, marxist faggot.

Everyone would be super rich if we had no central bank.

REEEEEEEEEEEEEEEEEEEE

Imagine an upward pressure on wages and a downward pressure on prices.
Imagine this for decades.

>They make depressions and recessions much worse.

I agree

>Bank runs historically were the fault of governments giving banks the right to print money out of thin air.
>This is illegal under free market banking.

So you're in favor of the government imposing lending restrictions? Interesting.

>During 1870s to 1890s USA had basically free market banking.
en.wikipedia.org/wiki/Panic_of_1873
en.wikipedia.org/wiki/Panic_of_1893
en.wikipedia.org/wiki/Panic_of_1896
en.wikipedia.org/wiki/Panic_of_1907 (still before the federal reserve)

Pretty much. But, convincing this to fucking socialists is impossible because "the rich corporations man".

>In fact almost nobody would use it, why would people intentionally fuck themselves over

A) you have a trillion dollars, you pay them. You give them stock and dividends

B)How have banks gotten fucked over? They've benefited tremendously from the existence of the federal reserve. There have been practically no bank runs since the federal reserve was implemented.

j00

>So you're in favor of the government imposing lending restrictions? Interesting.
Yes.
Free market restrictions.
Fraud is not allowed in a free market.
Do you even know what a free market is?
next you're going to say
>hurrr then you're restricting the right of the banker to lend out money they don't have
That's like saying I'm restricting the right of the thief to steal my shit.
Fraud is not allowed in a free market.

>muh bank panics
All the result of government intervention and allowing banks to print money out of thin air.

>en.wikipedia.org/wiki/Panic_of_1873
The "long depression" wasn't even a real depression, wages constantly rose during this period while prices fell.
wiki.mises.org/wiki/Panic_of_1873

>en.wikipedia.org/wiki/Panic_of_1893
wiki.mises.org/wiki/Panic_of_1893

>en.wikipedia.org/wiki/Panic_of_1896
wiki.mises.org/wiki/Panic_of_1896

>en.wikipedia.org/wiki/Panic_of_1907 (still before the federal reserve)
I said 1890s. We stopped the free banking experiments after 1890s.

but who will build the roads?

be a free market pal and give me that renge vector without the ancap colours

you a ZHer?

>A) you have a trillion dollars, you pay them. You give them stock and dividends
First off why would a bank have a trillion dollars in free market banking?
>You give them stock and dividends
With no catch?
Then your company is going to go bankrupt. You're basically giving away free money.

Also nobody is going to use the currency of this so called "central bank"(that isn't even centralized LOL) because they keep printing money.

>They've benefited tremendously from the existence of the federal reserve.
NO FUCKING SHIT RETARD
They've benefited from the federal reserve, from a real central bank.
Not the retarded situation you are coming up with that was never even used.

Free market central banks are an oxymoron.
Just delete your posts, what a fucking embarrassment.

only if you tell me what you're going to do to her?

I will build the roads.

Renge is so kawaii and she's supports free markets and nationalism.

>Fraud is not allowed in a free market.

Fraud implies deception. Everyone who deposits money in a bank knows it can lend it back out.

It's written into the contract you sign when you open an account at a bank.

Ordinary people are putting their money in the (((bank))) because they think they will profit out of it by earning interest on their deposits. Obviously this interest from the deposits have to come from somewhere else (ie by the bank making money on loans it has issued out)

>Fraud implies deception. Everyone who deposits money in a bank knows it can lend it back out.
No.
So you're saying people think bank runs are impossible?
They happen with fractional reserve banking all the time.

Also, claiming you have 1000 ounces of gold in your bank and giving out 10000 IOUs that state you are entitled to 1 ounce of gold each is literally fraud because you don't have 1000 ounces of gold in stock.

Everyone should watch this economics redpilling video

youtube.com/watch?v=54z4SI85WgM

>Also, claiming you have 1000 ounces of gold in your bank and giving out 10000 IOUs that state you are entitled to 1 ounce of gold each is literally fraud because you don't have 1000 ounces of gold in stock.

You can only charge them with fraud if you return to the gold (or some commodity) standard.

This is inconsistent with free market capitalism because the government is imposing a hard restriction on what can be considered currency.

>First off why would a bank have a trillion dollars in free market banking?

Rockefeller and Morgan and the others had around that amount.

>With no catch? Then your company is going to go bankrupt. You're basically giving away free money.

No because you're going to make money on the interest (ie the federal funds rate) from the loans they must now deposit at the bank. Think of it as a mutually beneficial arrangement.

>You can only charge them with fraud if you return to the gold (or some commodity) standard.
No, it's fraud either way.

If I had 1000 ounces of chocolate, it would be the same exact thing.
lol you're pathetic

>This is inconsistent with free market capitalism because the government is imposing a hard restriction on what can be considered currency.
The government should determine what is currency at all and it does not matter as I had stated above.

>Rockefeller and Morgan and the others had around that amount.
Not really.

>No because you're going to make money on the interest (ie the federal funds rate) from the loans they must now deposit at the bank.
What loans?
You just said you're going to give people free stock.
So there is a catch now? People must also deposit loans at the bank? Who will?

Either way you look at it, this bank isn't central at all.
Hardly anyone is going to be dumb enough to use this bank.
They don't have a monopoly on banking(which is what a central bank is) at all.
You've lost the argument, just close the tab.

>Think of it as a mutually beneficial arrangement.
But it's not mutually beneficial.
If it was, large banks would have literally done this during the free market banking period of 1870s to 1890s.

In a free market, you could just save gold or bitcoins and the value will constantly increase over time.

That's how you would retire.
You wouldn't even need to invest it and risk everything.

nothing, it's a really nice vector and I like those

>So there is a catch now? People must also deposit loans at the bank? Who will?

That's the precise agreement that the commercial banks have with the central bank. They keep 10% of deposits at the fed and they earn dividends as well. I assure you the regular banks have profited enormously from this arrangement. You even admitted to this right here dumb shit>They've benefited tremendously from the existence of the >federal reserve.
>NO FUCKING SHIT RETARD

This is the arrangement commercial banks have with the fed just as I said earlier:

Commercial banks keep 10% of their deposits at the fed

Check

They earn dividends

check

They profit from this

check

close the tab buddy. You lost

>If it was, large banks would have literally done this during the free market banking period of 1870s to 1890s.

They weren't allowed to. There were multiple attempts to create a central bank in the United States which were preempted by people like Andrew Jackson.

how do you get people to spend money when sitting on it makes it go up in value
the federal reserve lets us spend the money of the next generation while making everyone extremely stressed and desperate to put it to work

hey stupid. why are you arguing about semantic trivial nonsense. this is not complicated.

1. a private bank purposely called the "federal reserve" (to deceive idiots) conjures money out of thin air and loans it at interest to the government. How do you not take issue with this? Do you understand the repercussions of this arrangement? This means a bunch of j00z do absolutely nothing but transfer digits on a screen and create money out of nothing. And for that difficult job, they get to make billions of dollars in profits. Are you fucking retarded? Do you not see that this is absolutely criminal? The power to issue money should belong to the people. Instead, it belongs to un-elected idiots.

2. fractional reserve banking is another j00 sham. commercial banks lending money they literally do not have. again. j00z creating digits out of nothing and for that laborious task, collect billions in fees.

the solution is mind numb-ingly simply. money should be created by the government, interest free. thats it. there's literally no argument that can be made against that.

>the solution is mind numb-ingly simply. money should be created by the government, interest free. thats it. there's literally no argument that can be made against that.

lolbertarians would take issue with that.

>how do you get people to spend money when sitting on it makes it go up in value
Because people spend money because they need resources to survive and enjoy their lives?
Because businesses need to spend money on capital to stay in businesses?

Excess spending of money causes malinvestments.

there should be strict limits and criminal penalty for abusing this privilege. the people should also be asked to vote on it every time it comes up for question. therefore triggering a national debate each time new money is to be created by government.

>That's the precise agreement that the commercial banks have with the central bank. They keep 10% of deposits at the fed and they earn dividends as well.
They earn dividends because the central bank can just print the money and give it to them.
This is impossible in free market banking.
A free banking "central bank" is fucking impossible.

>I assure you the regular banks have profited enormously from this arrangement.
No fucking shit they have, and degenerate pieces of shit like yourself have supported such a system and we've tried to abolish it.

>You even admitted to this right here
I said they benefited from a central bank, not that a free banking "central bank" would work this way.

>This is the arrangement commercial banks have with the fed just as I said earlier:
>Commercial banks keep 10% of their deposits at the fed
>Check
>They earn dividends
>check
>They profit from this
>check
Exactly.
This is how central banking works.
You refuse to explain how a free banking "central bank" would magically work and you keep ignoring the counter points we make.

Just close the tab you stupid manchild. You're fucking wrong.

>They weren't allowed to.
EXACTLY
Doing the bullshit you claim is called fraud in free banking and it's illegal.
Did you just admit you were wrong? lol

You leftists are so incredibly stupid and need to be fucking shot in the brain.
Fuck you and fuck your central banking bullshit.

>money should be created by the government, interest free. thats it. there's literally no argument that can be made against that.
>lolbertarians would take issue with that.

LOL
Of course we take issue with that.
Holy shit you shit eating keynesians are actually this fucking stupid.
Do you want massive inflation?
Why has the system you speak of failed every single fucking time?
We already have extremely low interest rates now. They're virtually zero and the economy is a pile of shit.

You want to destroy the working class.
Kill yourself.

>there should be strict limits and criminal penalty for abusing this privilege. the people should also be asked to vote on it every time it comes up for question. therefore triggering a national debate each time new money is to be created by government.
>DUDE PRINT UNLIMITED AMOUNTS OF MONEY AND GIVE IT TO EVERYBODY
If you're too stupid to see how such a system would quickly fail then you are too stupid to breathe.

>the people should also be asked to vote on it every time it comes up for question
Also

you think people wouldn't vote on getting more free money from the government?

you're even dumber than I though

>hey stupid. why are you arguing about semantic trivial nonsense. this is not complicated.

What I'm saying is that the situation we have now is more resembling of a "True Free Market" than the solution you're offering.

It's similar to what Bill Still outlined in this video. I don't know if I agree with this solution but I am not definitively against it.

youtube.com/watch?v=2VauMFaHJT0

>therefore triggering a national debate each time new money is to be created by government.
>there should be strict limits and criminal penalty for abusing this privilege. the people should also be asked to vote on it every time it comes up for question.

>What I'm saying is that the situation we have now is more resembling of a "True Free Market" than the solution you're offering.
You'd be horrifically wrong.
You keep getting proven wrong in this thread, yet you continue to post.
There is a government enforced monopoly on banking.
This is the complete opposite of the free market.

There's NOTHING you can say to refute this and you are just grasping for straws you delusional piece of shit.

Central banking should be ABOLISHED and people like you should be killed for supporting central banking.

>You refuse to explain how a free banking "central bank" would magically work and you keep ignoring the counter points we make.

Literally the same way it works now. It prints money and charges interest on loans deposited at the bank. By contract commercial banks must deposit a certain amount of their deposits (10%) at the central bank.

hey man I still need that vector

>It prints mone
Illegal in a free market, it's called fraud.
During the free banking period of 1870s to 1890s this was considered fraud and prosecuted.
LOL
You CANNOT EVEN REFUTE THIS

>charges interest on loans deposited at the bank. By contract commercial banks must deposit a certain amount of their deposits (10%) at the central bank.
You are simply describing how the current central bank works and pretending it would be the exact same thing under free banking.

I mean how fucking stupid are you if you can't even come up with a simple argument?

I have a feeling that you're a commie or something

>Central banking should be ABOLISHED and people like you should be killed for supporting central banking.

Point out exactly where in this thread I've said central banking is good for ordinary people.

nah I only share the means of cool vectors

not exactly but we do have this here:
>libertarians would be against this so it's probably a good idea

>I am not definitively against it.

got any kiniro mosiac vectors?

That's not a central bank.

That's more what Abe Lincoln did in defiance of bankers in the 1860s by issuing greenbacks free of interest.

I dont

My dad (pre-boomer, silent generation) paid 6000 for his house when he first married my mom long long long ago.

> tfw when you don't understand history

okay here you go senpai

>tfw without central banking houses would be extremely affordable and more houses would be built all of the time

>That's more what Abe Lincoln did in defiance of bankers in the 1860s by issuing greenbacks free of interest.
Greenbacks were a disaster.

Gold and gold backed notes were/are free of interest.
That's what we want, free market banking.

thanks

what's it worth now?

>first country to eliminate their central bank
the where call Nazi's

"The Lincoln Administration sought loans from major banks, mostly in New York City. The banks demanded very high interest rates of 24 to 36 percent. Lincoln refused to borrow on such terms and called for other solutions.[3]"

"Issuing unbacked paper money was not an idea Lincoln really liked, but soon there was mounting pressure in Congress to do something. The government could either print its own money or go into deep perpetual debt to foreign creditors."

en.wikipedia.org/wiki/Greenback_(1860s_money)

>Gold and gold backed notes were/are free of interest.
>That's what we want, free market banking.

So you want the government to institute a gold standard, and you call that a free market? Very interesting.

low interest rates make home loans too easy to get, and make homes too expensive

np

After Hitler was elected, refusing to play ball with the Rockefeller-Rothschild rules, one of the first things he did was fix the corrupt, debt-based financial system. By completely thwarting the international banking cartels, the Nazi government issued its own currency known as Reich Marchs, which were debt free and uncontrollable by international financial interests.

If America nationalized their currency as Hitler did for Germany, they would effectively sever all ties with international bankers, the manipulation of their government and economy would cease, and they would live debt-free. Just as Hitler issued debt-free currency for Germany, Abraham Lincoln setup an interest free banking system in the United States when he was President, and he was murdered for it. Former US president Andrew Jackson issued interest-free currency, and two shots were fired at his head in an assassination attempt, but the shots misfired and he survived. John F. Kennedy issued interest-free currency during his presidency and we all know how he met his untimely demise.

After Germany’s public banking system was installed, world Jewry responded by declaring war on Germany, including a global boycott of German goods. Within two years, the German economy was flourishing with its new-found stable, and inflation-free currency.

>So you want the government to institute a gold standard
No.
I want banks to issue gold backed currency free of interest.
Which is exactly what they did during the free market banking period of 1870s to 1890s.

>and you call that a free market? Very interesting.
TOP KEK
I already debunked this in this thread and you ignored it, you pussy.
Try having an actual argument next time.

>low interest rates make home loans too easy to get, and make homes too expensive
It makes homes so expensive that it's impossible to ever pay them off, even if the interest rate is low.

greenbacks could be redeemed in gold eventually in the 1870s, so i don't see your point. Bankers were generally fine with it following the civil war. Also, shipbuilders and arms dealers loved Lincoln. Also, the Lincoln system of 1861-> wasn't free, but it was better than what we have post-1913. Regulations were mostly state based.

America did the a similar thing but didn't need the government to control anything.

It was called free marking banking and it was extremely successful.

that's basically what I said. these loans make demand too high, and builders know they can jack up the pricing

>I already debunked this in this thread and you ignored it, you pussy.

This was what I said:
>This is inconsistent with free market capitalism because the government is imposing a hard restriction on what can be considered currency.

This was your reply:
>The government should determine what is currency at all and it does not matter as I had stated above.

This is clearly a bullshit diversionary statement because your response failed to respond to why this would be consistent with the free market. You just claimed the government should do X (making it law to have only gold/silver as currency) to fix a problem, like a statist.

>This was your reply:
>>The government should determine what is currency at all and it does not matter as I had stated above.
No, lol.

>>The government should determine what is currency at all and it does not matter as I had stated above.
I mean't to type *shouldn't.
If you weren't autistic you would have picked that up from my previous line that explained that it would still be fraud if it was 1000 ounces of chocolate.

The government shouldn't decide what currency is or isn't, nor should it issue currency.

>This is clearly a bullshit diversionary statement because your response failed to respond to why this would be consistent with the free market. You just claimed the government should do X (making it law to have only gold/silver as currency) to fix a problem, like a statist.
TOP FUCKING KEK
I don't know why you couldn't pick up on a simple typo from the CONTEXT of the post.
Christ.

Nein, nationalise all banks and give the option for individuals to opt-out of usury.

Sweden might be very rich but it's people live shitty lives.

watch this video if you want basic education in economics that is not corrupted by Jewish pseudoscience and subversion

youtube.com/watch?v=jfJAdxnGNL8