Considering the Fed was a later American development and Chesterton was an Englishman, I don't think he wrote much on it. But his essential contention was that Liberty (as a Right) is protected by Property. And, therefore, Property ought to be as widespread as possible. —Editor
Thank you for the reply – excessive government spending generally requires state control over currency and interest rates. if Chesterton criticized the Fed and monetary policy – particularly money printing – wonderful. State control of currency is the antithesis of capitalismhttps://twitter.com/GKCdaily/status/1080858720991617024 …
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Bitcoin is the solution.
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Chesterton reflected his times but was hardly a creative or deep (or I would say even all that honest) thinker. An ardent Catholic who liked to guffaw at things. Whoopee.
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Yes. Whoever heard of Governments minting gold and silver coins to use in commerce. Preposterous
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no currency can exist that isn't regulated, the entire thing is based on control of the means of production(oil) by force (military), money exists by force, by government, it is collectivist, the pareto distribution Removes alternatives 99% of the time, it's only civil war that
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Decentralizes, and that requires absolutely unacceptable conditions to begin. There's no point in talking about alt currencies while living in an existing nation.
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I guess you prefer that banking should be in the hands of the few rather than "We the People" as the control of banking through actual democracy. Banking held in the hands of the few sounds like banking fascism. The America of 1776 preferred banking by democracy & their own moneypic.twitter.com/DbrAW81PTY
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"Government Spending" not the issue. Rather, since the 'Enlightenment' and its materialistic presuppositions, man's spiritual nature is cast away. Atomistic man rolling around the planet according to nothing but economic forces to feed his appetite is only a logical consequence.
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