http://www.theundergroundinvestor.com/2009/02/the-line-that-separates-%e2%80%9creal%e2%80%9d-money-from-%e2%80%9ccounterfeit%e2%80%9d-money-has-become-nearly-indistinguishable/ The definitive investment blog for investment news not discussed in the mainstream media Wed, 10 Mar 2010 10:39:55 -0600 http://wordpress.org/?v=2.9.2 hourly 1 http://www.theundergroundinvestor.com/2009/02/the-line-that-separates-%e2%80%9creal%e2%80%9d-money-from-%e2%80%9ccounterfeit%e2%80%9d-money-has-become-nearly-indistinguishable/comment-page-1/#comment-45696 The Fastest Growing Export of the Western Banking Industry – Fraud | The Underground Investor Mon, 08 Mar 2010 10:45:06 +0000 http://www.theundergroundinvestor.com/?p=697#comment-45696 [...] than a year ago, I penned an article on my blog titled “The Line that Separates Real Money from Counterfeit Money Has Become Nearly Indistinguishable”. In this article, I discussed the enormous irony of a viral story back then about the “harm” [...] [...] than a year ago, I penned an article on my blog titled “The Line that Separates Real Money from Counterfeit Money Has Become Nearly Indistinguishable”. In this article, I discussed the enormous irony of a viral story back then about the “harm” [...]

]]> http://www.theundergroundinvestor.com/2009/02/the-line-that-separates-%e2%80%9creal%e2%80%9d-money-from-%e2%80%9ccounterfeit%e2%80%9d-money-has-become-nearly-indistinguishable/comment-page-1/#comment-45147 luc Fri, 06 Feb 2009 00:25:08 +0000 http://www.theundergroundinvestor.com/?p=697#comment-45147 I'd rather avoid creating money as debt only to see it vanish into a bailout bubble, yet still have to pay it back in taxes. Creating money other than through borrowing is far preferable. There is no reason to expect that method to devalue a currency any more than if it had been created through borrowing. Obviously, waiting until no one would lend you more money makes it appear as though it does. But debt free money is owed to no one and does not burden tax payers. And if you want to reduce the money supply later, just collect a destruction tax and take a portion out of circulation. I’d rather avoid creating money as debt only to see it vanish into a bailout bubble, yet still have to pay it back in taxes.
Creating money other than through borrowing is far preferable. There is no reason to expect that method to devalue a currency any more than if it had been created through borrowing. Obviously, waiting until no one would lend you more money makes it appear as though it does. But debt free money is owed to no one and does not burden tax payers. And if you want to reduce the money supply later, just collect a destruction tax and take a portion out of circulation.

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