Reposted: Hidden behind ‘the love of money is the root of all evil’–Audios (Richard Duke)

By: Richard Duke:

 

Hidden behind ‘the love of money is the root of all evil’ is Mammon—the god of finance. Part One—Audio

 

Hidden behind ‘the love of money is the root of all evil’ is Mammon—the god of finance. Part Two—Audio

SEE:

Sound Money Is Our Best Hope Against the Monopolists’ Threat

 

Nehemiah: The king and his nobles (cronies) extracting from the people through debased silver

 

Micah 6: wicked balances and bag of deceitful weights

 

Inflation (creation of currency and credit out of thin air) under James 5:1-6

 

Debasement and Crony Capitalism; Nothing is New Under the Sun

 

Counterfeiting Money Is a Crime — Whether Done by the Fed or A Private Individual

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A general, but serious, reason to read this book— The Skyscraper Curse: And How Austrian Economics Predicted Every Major Economic Crisis of The Last Century — is to avoid being one of the millions who will be duped when the next crash (bust) occurs. Millions were and continue to be duped as to the reason for the boom leading up to 2007 and 2008 and why the bust occurred in 2008 relating to real estate.

Thornton begins with an important discussion of money creation and Richard Cantillon, writing: “… Richard Cantillon (1680s-1734?) [was] the first economic theorist and proto-Austrian economist …[he] showed how the interest rate and the money supply can create changes and distortions in the economy, a phenomenon now referred to as “Cantillon effects.”

Monetary inflation is affected by who gets the money and credit first and who gets it last. As fiat money is created by central banks, private banks are in a position to expand the amount of loans they make. The wealthy have established relationships with the banks, and they have the real estate and assets to provide collateral for the loans. Large, established companies and wealthy individuals are in favorable positions relative to small businesses and people with low or average incomes. The loans allow big companies and wealthy individuals to invest in capital goods during the boom phase of the business cycle. Central banks thereby create artificial inequality and poverty. This is the primary Cantillon effect of redistributing wealth.”

Review by Richard Duke on the Mises Institute website of the book: The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton

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The Root of All Evil . . . the LOVE of Money!

 

Inflation: Its Cultural and Political Consequences–Interview of Guido Hülsmann–Tom Woods Show

 

How Fiat Money Destroys Culture–Guido Hülsmann

 

“Monetary Inflation: An Economic and Ethical Evil”

 

Monetary inflation depends on who gets the money first and who gets it last

 

Inflation (of money–actually debt) leads to tyranny