The Just Third Way

A Blog of the Global Justice Movement

Wednesday, September 2, 2009

Some Thoughts on Money, Part IV: Background of the Great Gold Gabfest

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In Great Britain in the 18th century, there were both banks of issue and banks of deposit. To confuse matters, however, not only did most ...
Tuesday, September 1, 2009

The Irish "Bad-Bank" Proposal

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We interrupt our series on thoughts on money to bring you an important news bulletin. In our anxiety to try and insert a better theory of m...
Monday, August 31, 2009

Some Thoughts on Money, Part III: The Two Kinds of Banks (Again)

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In our previous posting in this series, we began our analysis of the three primary schools of money, credit, and banking that started develo...
Friday, August 28, 2009

News from the Network, Vol. 2, No. 35

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This week the economists are vaguely predicting the end of the recession , it's just a matter of time, while last week we were informed ...
Thursday, August 27, 2009

Some Thoughts on Money, Part II: The Different Schools of Thought

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Beginning approximately in the late 18th century, three broad schools of thought developed on money, banking, and credit. These have large...
Wednesday, August 26, 2009

Some Thoughts on Money, Part I: Debt and Asset-Backed Money

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Money, being anything that can be used in settlement of a debt, must represent something of value. Many things have been recognized through...
Tuesday, August 25, 2009

Aristotle on Private Property

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Throughout history widespread ownership of the means of production has been understood as the foundation of a stable social order. Politic...
Monday, August 24, 2009

Thomas Hobbes on Private Property

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Doing a little research on the foundations of Keynesian economics, we discovered that the Great Defunct Economist was in the line of economi...
Friday, August 21, 2009

News from the Network, Vol. 2, No. 34

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Back in 1945 Christian apologist C. S. Lewis published a book called The Great Divorce . By that Lewis meant that he had undertaken the ta...
Thursday, August 20, 2009

The Reign of the British Currency School Over the United States, Part II

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The illogic of the British Bank Charter Act of 1844 was ridiculed by John Fullarton in his 1845 book, On the Regulation of Currencies; Being...
Wednesday, August 19, 2009

The Reign of the British Currency School Over the United States, Part I

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Much of the monetary conspiracy ideas floating around today appear to be garbled versions of the tenets of the "British Currency School...
Tuesday, August 18, 2009

Why Everyone in the World is Crazy

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Recently we've been having an interesting discussion in the Kelso Binary Economics Discussion Group on the meaning of money. This was ...
Monday, August 17, 2009

Bring the Jubilee: A Possible Solution

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Obviously, unilateral debt forgiveness could very well cause more harm than good. This would be both to the property rights of persons, and...
Friday, August 14, 2009

News from the Network, Vol. 2, No. 33

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According to a CNNmoney dot com report (" Recovery maybe here, but hold the celebration say economists "), "the worst economi...
Thursday, August 13, 2009

Bring the Jubilee: The Issue

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Over the last couple of weeks one of the participants in the Kelso Binary Economics discussion group has been looking into the problem of o...
Wednesday, August 12, 2009

William Cobbett, "The Poor Man's (and Woman's) Friend," Part IV (Final)

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Cobbett's emphasis on widespread ownership of the means of production readily explains his evident hostility to industrialization. The ...
Tuesday, August 11, 2009

What You Can Do to Address the Economic Crisis

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On Sunday, August 9, 2009, I took a neighbor lady to Mass at a local parish. The celebrant chose the proposed health care plan currently be...
Monday, August 10, 2009

Spending Cap and the Wealth Gap

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Last Friday's issue of the Wall Street Journal carried an interesting piece by Stephen Moore on how the current government spending spr...
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Michael D. Greaney
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