Comments on: Paper Money

By: Absurdity | Debt Stupid

Absurdity | Debt Stupid — Sun, 28 Dec 2008 13:10:43 +0000

[...] One of the websites I like to visit often is the Daily Reckoning. These guys are the author of the book Empire Of Debt. A book I recommended on my blog post titled Paper Money. [...]

By: Dan

Dan — Wed, 25 Jul 2007 20:21:32 +0000

There is a new video out of Bill Bonner’s speech, given at the Rim of Fire Conference in Vancouver (07/07)…

http://www.youtube.com/watch?v=PZb2iJpUkfg

By: JW Thornhill

JW Thornhill — Tue, 26 Jun 2007 14:14:50 +0000

It sounds like a very interesting book. I’ll have to check it out.

By: Nelson

Nelson — Tue, 26 Jun 2007 10:49:12 +0000

That’s for the link, Jim.

There are a few interesting articles linked to on that website, as well.

By: Jim

Jim — Tue, 26 Jun 2007 05:17:57 +0000

Want to see an interesting concept about money, check out the video Money as Debt (http://www.moneyasdebt.net/). I think the problem with the dollar losing value started in the 1980s or even sooner. The US had always made sure to try to keep value of its products and money at a high by balancing the costs of doing foreign trade. Example, if it cost 10 cents to make something in China, and it costs $1 to produce the same thing in the US and the tariff would be 90 cents to keep the value the same. Most companies did not bother doing business outside the US because it was not cost effective. Then the fair trade agreements came in lowering these import taxes to bring in cheap goods from other countries. Another problem is all the exporting of raw materials from the US to other countries, and then the finish products are imported back in at a cost. I think the US dollar is losing value very rapidly because the US does not value the dollar as it used to. Money in a digital form can be created very easily with no actual means to back it up. I’ll have to see if I can find this book though, it sounds neat.

By: Stephanie @ PoorerThanYou

Stephanie @ PoorerThanYou — Mon, 25 Jun 2007 02:43:11 +0000

Sounds like an interesting read - I’ve always been fascinated with the idea of money that is purely “electrical” and never existed in paper form. I’ll add it to my reading list!