By Stephen A. Zarlenga
The misplaced technological know-how of cash via Stephen A. Zarlenga:
*Traces the cash strength via 3 and a part millennia from barter to the Euro.
* attracts interesting, formerly misplaced financial ideas from historic Greece and Rome, from the adventure of the Moslems, Venice, the Templars, the Jews, the financial institution of Amsterdam and financial institution of britain, and the Federal Reserve System.
*Shows that the query of usury is way from settled, and that financial reform is extra an issue of morality and legislations than of economics.
*Demonstrates sturdy funds process has to be dependent in legislation, now not in commodities.
*Defines the basic components had to get rid of structural injustice from our cash method.
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Extra resources for The Lost Science of Money: The Mythology of Money - The Story of Power
Example text
For at least the first half of that century, government's role in the economy was expanding in most countries around the world. But the negative consequences led to dramatic movements toward free markets, not only in democratic countries but even in Communist countries, toward the end of that century. Not everyone is convinced of the greater efficiency of the free market, however, even in the twenty-first century. Congressman Dennis Kucinich, for example, declared in 2003: Every human being has the right to clean water.
During the war years as a whole, more than 2 million people died in Soviet prison camps—more than the number of Soviet citizens and soldiers who died as prisoners of the invading Nazis and their allies. Despite the long hours of work and inadequate food, clothing, housing, and medical care that contributed to staggering death rates, the forced labor of the inmates still did not cover the costs of the gulags. Shortly after Stalin's death, the head of the Soviet secret police—hardly a humanitarian—began closing the camps down for economic reasons.
American families in the bottom 20 percent of income earners supply only a fraction of the hours of work per year supplied by families in the top 20 percent. Both the rising incomes of more experienced workers and the growing inequality in incomes in free market societies show the influence of human capital. Free and Unfree Labor While almost all jobs today provide both pay and experience, at one time it was common for inexperienced and uneducated young people to take jobs that paid them nothing.