Sunday, June 16, 2019

Learn Economics Topic Fifteen

15. Sovereignty and Cashlessness: 

Banks Close in Rural Areas as World Cashlessness Advances

A look at world experience with cashlessness so far, and prospects for future economic and moral problems.

Larry Summers 100 Dollar Bill Ban and Westfalia Lost

Westphalia as a concept is superior to empire. Our freedoms are more likely to be honored in a system of national sovereignty. Larry Summers is attacking that sovereignty as a representative of a global financial system.

Miles Kimball's Sneaky Way of Destroying Cash

Zero is more important than most Americans understand. It is time that we do understand why it is important and why those who want to destroy it are so sneaky in their advocacy against zero.

Riksbank: Cash Must Be a Protected Legal Right for Good Reason

There is an economic reason that cash must be a protected legal right. The health of your nation's GDP could depend on it.


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While I have supported some economic policy, it turns out that racism was a strong motivator for some of those policies. I oppose racism in all forms and prove my commitment by rejecting anything other than the Westphalia or Westfalia view of sovereignty, which is mutual respect for all nations by all other nations. 

Perverse sovereignty is as bad or even worse than excesses in globalization which gives banks power over governments. Both are ultimately bad for America. This blogger supports free trade and opposes a border tax. But government should be stronger in order to rein in big banks who abuse the people with toxic loans.

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