greed is in everyone's genes. We are increadibly lucky that Capitalism can make this greed work to create a system only an all powerful god could out do in terms of providing prosperity to mankind. You are an ignorant fool. Get laid, relax, have some fun. If there is no interest there is no lending no civilization.
Next time invite everyone to share your wisdom rather than posting an anonymous insult.
Interest is and always has been pernicious; money would not stop circulating without interest; and interest provides "prosperity" only for those who control the CASH.
To the Readers:
I report; you decide.
Sunday, November 13, 2005
Anonymous said...
Dude,
Interest is simply a risk premium on the use of money. Period. Trolling and baiting folks on Mises.org is a sure sign of latent neo-con-ism, for which you should seek professional help. Use your forum to decry the fractional banking system or the Federal Reserve system instead.
Thanks for your comment, though I can't tell if you are anonymous, the first, or anonymous, the second.
I don't know why the folks visiting from Mises are afraid to make themselves known.
In any event, like some of your colleagues, you mix insults with descriptions of interest while failing to articulate a reasoned argument that justifies its use.
It's all a little vague at this point, but I see you have a lot more blog to read. I don't think you can make a banking system work without interest, but there is a huge difference between simple interest and compound interest. Amortizing future compound interest into up front payment is the crime of the century and it comes down to stealing in the name of "interest".
There is a fair method of interest, you just can't find it anywhere in the world today. There is a fair method of banking, but again, nobody banks that way.
Dear Mr. Wakeupfromyourslumber: [that's me...:)]your comment was thought by the moderator to be Googlebait, which is not allowed. You must make an independent point beyond: look at my site. As for your point about interest, money crankism isn't barred as such, but it sure can be tedious to rehash a debate settled many hundreds of years ago. Surely you can find a more suitable forum. Thanks. My reply: So much for libertarians.
Apparently, liberty is only a cheap catch phrase at your site.
Why don't you let others decide for themselves what is and is not "crank"?
http://wakeupfromyourslumber.blogspot.com/ Dear, Jeffrey, I have nothing to sell you or your readers and nothing to lose if you don't believe me. Call it crank, but if you value freedom, as you declare, then let others decide for themselves what they should and should not believe.
If the term "liberty" is to have any meaning beyond rhetorical blather, freedom to express and learn ideasmust not be "moderated."
Lew Rockwell introduced me to Mises and I've learned more about freedom from the contributors to those sites than I've learned anywhere else on the web. And, for that I am sincerely grateful.
If we cannot agree on economic theories, then at least let freedom be our common goal
In my humble opinion (IMHO), the Enemy is Unfettered Greed; their weapon of choice is Interest; and they use Censorship and Ignorance as human shields.
6 Comments
Close this window Jump to comment formgreed is in everyone's genes. We are increadibly lucky that Capitalism can make this greed work to create a system only an all powerful god could out do in terms of providing prosperity to mankind. You are an ignorant fool. Get laid, relax, have some fun. If there is no interest there is no lending no civilization.
Sunday, November 13, 2005
Thanks for visiting, anonymous.
Next time invite everyone to share your wisdom rather than posting an anonymous insult.
Interest is and always has been pernicious; money would not stop circulating without interest; and interest provides "prosperity" only for those who control the CASH.
To the Readers:
I report; you decide.
Sunday, November 13, 2005
Dude,
Interest is simply a risk premium on the use of money. Period. Trolling and baiting folks on Mises.org is a sure sign of latent neo-con-ism, for which you should seek professional help.
Use your forum to decry the fractional banking system or the Federal Reserve system instead.
Sunday, November 13, 2005
Thanks for your comment, though I can't tell if you are anonymous, the first, or anonymous, the second.
I don't know why the folks visiting from Mises are afraid to make themselves known.
In any event, like some of your colleagues, you mix insults with descriptions of interest while failing to articulate a reasoned argument that justifies its use.
Second, I am against the Federal Reserve System.
Sunday, November 13, 2005
It's all a little vague at this point, but I see you have a lot more blog to read. I don't think you can make a banking system work without interest, but there is a huge difference between simple interest and compound interest. Amortizing future compound interest into up front payment is the crime of the century and it comes down to stealing in the name of "interest".
There is a fair method of interest, you just can't find it anywhere in the world today. There is a fair method of banking, but again, nobody banks that way.
Monday, November 14, 2005
Daysman,
Thanks for your comment; please read my argument in support of investing at risk and against lending at interest.
I'd be interested in hearing what you think about it.
There is no doubt that an alernative system of banking must be put into place.
But, the first step is helping people recognize that we have a HUGE problem that is growing BIGGER by the second.
Monday, November 14, 2005