Or, Boris's Wankerers a Band of Thieves Liars and never-do-wells. And Major's Bastards ( Just as Bad!) whatever happened to the Great and the Good?
sovereign currency, but also makes it possible to manage global liquidity.
Reforming the international monetary system in the
The 1970s and 2000s: would an SDR substitution
account have worked?
Robert N McCauley and Catherine R Schenk
The Brandt Equation was written by this Guy James Quilligan http://wiki.
Who´s work is fascinating and I will be reading more of his work.
This paper of Quilligans is very good although the Language is too Jargony for it to truly blossom and gain traction ( in my opinion, at any rate, the style does not resonate with me)) in a wider readership, this is a shame.
Series of Quilligan Seminars Here.
Kropotkin in the Encyclopedia Britannica thus.
”Now Proudhon advocated a society without government and
used the word Anarchy to describe it. Proudhon repudiated,
as is known, all schemes of Communism, according to which
mankind would be driven into communistic monasteries or
barracks, as also all the schemes of state or state-aided Socialism
which were advocated by Louis Blanc and the Collectivists. When
he proclaimed in his first memoir on property that ” Property
is theft,” he meant only property in its present, Roman-law,
sense of ” right of use and abuse ” ; in property-rights, on the other
hand, understood in the limited sense of possession, he saw the
best protection against the encroachments of the state. At the
same time, he did not want violently to dispossess the present
owners of land, dwelling-houses, mines, factories and so on. He
preferred to attain the same end by rendering capital incapable
of earning interest; and this he proposed to obtain by means of
a national bank, based on the mutual confidence of all those who
are engaged in production, who would agree to exchange among
themselves their produces at cost-value, by means of labour
cheques representing the hours of labour required to produce
every given commodity. Under such a system, which Proudhon
described as ” Mutuellisme,” all the exchanges of services would be
strictly equivalent. Besides, such a bank would be enabled to
lend money without interest, levying only something like 1 %,
or even less, for covering the cost of administration. Every one
being thus enabled to borrow the money that would be required
to buy a house, nobody would agree to pay any more a yearly
rent for the use of it. A general ” social liquidation ” would
thus be rendered easy, without violent expropriation. The same
applied to mines, railways, factories and so on. ”
Such is, substantially, Socialism’s theory of Capital and Interest.