From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Mon Nov 05 2007 - 14:11:13 EST
Libertarians make a case the controllers of economies are the Central
Banks which becomes the sole source of making money payments, that they
create money and lend AT INTEREST, that the requirements to paying debt
with interest creates the need for more money, more debt and even more
control of the economy by the Central Bank. The magnifying debt enslaves
the economy to the Central Bank's desire.
This line of argument is presented, for example, in Part III of
http://zeitgeistmovie.com
Has anyone seen a good analysis of such an argument? It is true that the
Federal Reserve, after printing money, places it on the market at interest
(if it is more than the replacement of worn-out currency).
Thanks, Paul Z.
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(Vol.24) TRANSITIONS IN LATIN AMERICA AND IN POLAND AND SYRIA
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