The Truth Will Set You Free (Economics)
Thursday, December 1, 2005 14:52
Great new blog about the money system. It's only been running for a few weeks, but already there are a ton of insightful and articulate posts. In particular, check out:
- How does a loan bear interest?
- Why is France burning?
- Unemployment and interest.
- 6 Easy Steps to Burying America's Students in Debt
This guy has it exactly right when he says our best solution, on a local level, is to steer clear of the corrupt monetary system as much as possible in our personal lives, but that a larger solution would involve reforming (or scrapping) the Federal Reserve system in favor of something that gives people equal access to capital. I also agree with him when he says that rather than try to "redistribute" wealth via welfare in an attempt to fight poverty -- we need to focus the real root of the problem: The interest-based currency which inevitably funnels money out of the hands of the working poor who earned it, and into the hands of the idle rich (i.e. interest collectors).