Harvard Economist: “Eliminate All Paper Money!” | McAlvany Weekly Commentary 2015

State-ism is doomed, FREE MARKET will emerge
Australia taxes it’s people for NOT spending money
Alan Greenspan “Gold stands as a protector of property rights.”
Link to Harvard Professor’s Article http://scholar.harvard.edu/files/rogoff/files/c13431.pdf

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13 thoughts on “Harvard Economist: “Eliminate All Paper Money!” | McAlvany Weekly Commentary 2015

  1. Wow! Guess the adage sell in May and go away definitely has meaning. Thanks
    guys for the data on that; wrote it in my investment ideas folder. Maybe
    the volatility index would be a good idea again.

    The argument that you always have a choice, but may not like the
    consequences, is definitely true. A great book on that subject is “Choice
    Theory: A New Psychology of Personal Freedom” by Willam Glasser M.D. The
    premise of the book is precisely that, and that frustration, therefore,
    stems from trying to control others. The solution is the solving circle
    where each party states their problem and then each decides what they are
    willing to do to solve it.

  2. Hi from the Netherlands. Do you expect gold to become forbidden in a
    cashless society? In my country there is a financial emergy law that the
    finance minister (right now Dijsselbloem) can confiscate gold if needed for
    the government. Silver isn’t mentioned.

  3. how can capitalism, free markets and true price discovery exist when there
    is no money in the system? what we call money today (fiat debt-based
    currency) is not an asset.

  4. State-ism is doomed, FREE MARKET will emerge
    Australia taxes it’s people for NOT spending money
    Alan Greenspan “Gold stands as a protector of property rights.”

  5. Alan Greenspan nor anybody else would change ones inner ideology. You both
    talk crap, sirs. Alan wanted power, power corrupts and five minutes before
    the devil gets him, he tries to play again the angels harf.
    I think he is a perfect example of what the USA has become.
    It reminds me on the series “Dallas”, after 20 years of printing dollars,
    Alan tells us “No worries Pam, Bobby is alive again. You only had a bad
    dream.”
    And this is typical US BS!

  6. For all your wisdom, the question is the level of trust the Government
    operate. You can see that there is any credibility. Everyone protect
    himself as the Govt print money to adjust for zero growth.

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