tailieunhanh - salvation through inflation the economics of social credit phần 2

LIÊN HIỆP THƯƠNG MẠI, nhưng thay vì các công đoàn thương mại chuyên về tổ chức của người lao động whitecollar đã nổi lên, đặc biệt là trong khu vực công. Nâng cấp lực lượng lao động này đã góp phần làm tăng chi phí lao động. trắng tốt (D0, L6) 1 tiêu dùng bền, | Introduction 3 abandoned by a small group of anti-capitalist radicals who began to preach the benefits of a zero-growth economy. Economic growth was seen by these critics as a great evil the exploitation of nature. A back to nature movement began among upper-middle-class people who lived in urban 3 While this outlook has steadily grown in influence since 1965 culminating in the Green movement of the 1980 s it has not yet gained widespread academic respectability nor has it reversed national economic policy especially during recessions. Today the fundamental criticism of capitalism among liberals and radicals is still that it does not deliver the goods without monetary manipulation. The debate centers only on which elite group ought to have the authority to do the manipulating quasi-private central bankers or government bureaucrats. As we shall see in this book this is a debate that goes back to the late eighteenth century. As we shall also see it is a debate that refuses to consider a third possibility free market money through a the abolition of the government-licensed monopolies of central banking and commercial banking . a system of free bank-or b civil laws abolishing fractional reserve banking because of the inherently fraudulent nature of its promise to depositors the right to withdraw their funds on demand when in fact the money has been loaned This third possibility is considered as the ultimate fringe position by radicals liberals 2. The most cogent critique of this movement is William Tucker Progress and Privilege America in the Age of Environmentalism Garden City New York Anchor Press Doubleday 1982 . 3. Ludwig von Mises Human Action A Treatise on Economics New Haven Connecticut Yale University Press 1949 pp. 441-45. See also George A. Selgin The Theory of Free Banking Money Supply Under Competitive Note Issue Totowa New Jersey Rowman Littlefield 1988 . 4. Murray N. Rothbard 100 Per Cent Reserve Banking in Leland B. Yeager cd. In .