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Money Blog Archives
Money Blog posts insightful comments on the latest international news that render us taken-aback in the domain of the money facet of life. Money-Blog: Paper Money News The Paper-Money System: September 27, 2007 by Lew Rockwell  Thanks to Sean Corrigan for this passage from the great English classical liberal, William Cobbett, in 1846: "I have before told you, that the paper-money system was unknown in England, till within about 107 years. England did very well before that time. "The people of England were brave and free, happy at home and dreaded abroad, long before paper-money was heard of.— Why, then, should they now believe, that, without paper-money, they would be reduced to a state of barbarism and slavery? "The Church, as is now established, existed long before paper-money was thought of, and so did all those laws, which we yet boast of as the great bulwarks of our freedom; and, what is more, I defy any man to show me one single law, in favour of the liberties of the people, which has been passed since the establishment of the Paper-Money System, while numerous laws have been passed hostile to those liberties. "Before the existence of the National Debt and the Bank, the House of Commons used frequently to refuse to grant the money called for by the Crown; since they have existed, no grant of the kind has ever been refused by that House. Before the Paper System existed, there was no standing army in England. "Before the Paper System existed, there were not more than two hundred thousand paupers in England and Wales: there are now twelve hundred thousand. "Why, then, should we alarm ourselves at what appears to indicate the approaching destruction of this System?" PAPER AGAINST GOLD OR THE HISTORY AND MYSTERY OF THE BANK OF ENGLAND: OF THE DEBT, OP THE STOCKS, OF THE SINKING FUND, AND OF ALL THE OTHER TRICKS AND CONTRIVANCES, CARRIED ON BY THE MEANS OP PAPER MONEY. BY WILLIAM COBBETT, M. P., 1846 Money Blog Comment: Not only paper money, money as such -whether paper or gold - is the culprit; so let's deal with this only first of all. Let's write a new money blog in the human life on this planet. Have we not yet turned so creatively advanced as to be able to design a system that requires no money calculation at all at the individual level of humans as members of the life club on this planet? Can't our so highly advanced computer technology keep a dynamic account of the inventory of the human wealth all around the globe in order to manage it well through circulation among its members in a time-efficient way, without the help of such a crude and uneconomical tool as money is? No money is the only future of economics on earth! Wanna have some bidding fun with 'Paper Money' on ebay auction? You might grab a bargain or two! Just say your bid and you're done: Sign up with AuctionAds as a publisher and receive $25 right now! I invite you to subscribe to my E-zine titled Life Coach, free of charge. This E-zine publishes insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. A not-to-be-missed opportunity! Subscribe to it here: I also invite you to subscribe to my Life Blog - no need to provide your e-mail address here. This RSS feed keeps you informed about new developments taking place on this site. It also harbors 25 journal bloglets posting insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. In order to subscribe to the blog, right-click on the orange RSS button (see buttons up to the left) and then paste the URL into your RSS reader. Or click on add to My Yahoo! button or My MSN or Add To Google button if you keep a personalized home page there. If you are not sure what RSS or blogging is all about, click on What's an RSS Feed? here:
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