Saturday, August 10, 2013

Richard Ebeling: Money Central Planning and the State

I stumbled upon a terrific in depth history on the debate about money, banking, and monetary policy written by Richard Ebeling and produced by FEE called Monetary Central Planning and the State.  It is a 40 part series with an A to Z look at the differing schools of thought on all things money and specific quotes from the various economists.

Amazing stuff, especially if one is a nerd (like me) who is much more interested in studying money than having a lot of it.


  1. In Blogs, Dr.Richard M. Ebeling is interviewed by Alvino-Mario Fantin in article, The Importance of Austrian Economics and F. A. Hayek for Understanding the Current Economic Crisis and for the Future of Freedom, with the Austrian Economics Center (AEC), affiliated with the Friedrich A. Hayek Institute in Vienna, Austria, and which was originally published in two parts on the AEC’s website, “Free Markets, Free People” (August 8 & 13, 2013) ...

    Dr. Ebeling states "The Eurocrats in Brussels are frightened by the fact that their dream of a United States of Europe, which they would command and control through the EU regulatory and legislative mechanisms, might implode with a successful currency “secessionist” movement. Thus, the survival of the Euro is partly dependent upon the willingness of those at the helm of the EU and the European Central Bank to provide the loanable funds and central bank-created money to put off the necessary national internal adjustments. "

    I comment the the inflation of the Eurozone Stocks, EZU, and the inflation of Eurozone Debt, EU, has reached its zenith and is a real force in holding back the specter of a currency “seccessionist” movement. The prevailing force and zenith of Eurozone sovereignty of democratic nation states is seen in the chart of Eurozone Stocks, EZU, relative to Eurozone Debt, EU, that is EZU:EU, standing at a near all time high. Fiat wealth, that being stock value, the Euro currency value, and the value of Eurozone debt residing in banks, stands at or near all time highs and precludes internal adjustments such as the elimination of national wage contracts and highly paid unionized public sector employment. There will be no internal adjustments, only a global credit bust and world wide financial system collapse, and out of it the bible prophecied establishment of the Beast regime of regional governance, and totalitarian collectivism, as presented in Revelation 13:1-4, together with a Communist Leader, Revelation 13:5-10, and a Communist Cleric, Revelation 13:11-18, calling people to a common vision of unity, for regional security, stability, and sustainability.

    God’s economic thinking started Liberalism, that is one be free from religious control of the pope and the nation state leader, with John Calvin’s reforms of govenment and society beginning in 1541 in Geneva Switzerland, as presented by Wikipedia.

    od’s idea of economic is one of kingdom and empire, where either God is sovereign or a ruler is sovereign; and this stands in contrast to Dr. Ebeling’s Libertarianism idea of personal sovereignty where “every human being is viewed and treated as an end in himself, who “owns” himself, to shape his own life according to his own values and meaning for living.”

    God provided two great visionaries, and visionary prophecies, these being the prophet Daniel and John the Revelator. The first presented the vision of the Statue of Empires in Daniel 2:25-45, where a Ten Toed Kingdom, with toes of a mixture of iron diktat, and clay democracy, would emerge from the British Empire, and the US Dollar Hegemonic Empire of Crony Capitalism. The second presented the vision of three Beasts rising to rule the world, a Beast Regime, Revelation 13:1-4, a Beast Ruler, Revelation 13:5-10, and a Beast Prophet and Banker, Revelation 13:11-18.

    1. Okay... that's an interesting take. So the bible is now a tool for economic forecasting?