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"Spencer H. MacCallum" <[log in to unmask]>
Reply To:
- Ezra Pound discussion list of the University of Maine <[log in to unmask]>
Wed, 21 Jan 2004 12:49:06 -0800
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Tom White,

It was warming to see references to anarcho-capitalists, Rothbard (whom I
knew), and such in this discussion. If it's not getting too much off-subject
for this list, I've been very much interested in the highly original ideas
of E.C. Riegel on the nature and functioning of money and have wondered what
Pound might have thought of them. I chanced to be in the right place at the
right time to save all of Riegel's work from being dumpstered 50 years ago,
and I've since edited and published a couple of short books from his papers.
His ideas are quite different from Rothbard's standard hard-money approach,
although as rigorously libertarian (lower-case). He doesn't fit any of the
standard categories. You'll find his work at
http://www.reinventingmoney.com/riegel.php.  If you or others on this list
should become interested in pursuing this path, I'll send you hard copy of
the books, which is easier to read than from a computer screen. A number of
people now are of the opinion that Riegel, as yet little known, represents
the pinnacle of thought on monetary freedom and exchange.

Oddly, it was through interest in Riegel that I found myself, by a quirk of
fate, positioned to help preserve Robert Horton's Pound papers on economics
and direct them to Tim Redman for study and eventual disposition to a

Spencer H. MacCallum
Box 180
Tonopah, NV 89049
775-482-2038 / Fax 5897
<[log in to unmask]>

----- Original Message -----
From: "Tom White" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Wednesday, January 21, 2004 11:31 AM
Subject: Diane and David and EP and usury

> David and Diane:
> Reading you two I kick myself for not having followed up with true faith
> scholarship my first reading of Pound back in 1950 and my stunned
> recognition of economic truth. I am child of the Great Depression, and
> was the first person I had ever read who had a convincing explanation of
> what was going on. Since then I have read Murray Rothbard, who gives the
> whole Depression story in detail (book, The Great Depression) and many
> others, all unapproved by the Establishment, which regrettably is utterly
> corrupt, especially the major media.
> (I should include links but do not have the time, but Google should
> them easily.)
> Now more and more Pound looks entirely rehabilitated in the breaking news,
> for those who can see.  Not in his ad hominem stuff, for which he
> apologized, but for his understanding of the world-shattering avarice
> throws the entire world into debt and war and is doing so most horribly at
> the moment.
> Along the way, check out the von Misean school of "Austrian" economics.
> Check out V. Gordon Childe's What Happened in History. Griffith's The
> Creature from Jekyll Island, Eustace Mullins on the Federal Reserve. In
> general, the web is alive today with stuff on the basic perversion of
> economic life by way of fiat money and fractional reserve banking. Not
> will improve until that is history.
> I disagree with Pound's expectation that govt. could run money well. Govt.
> can't do anything well. Instead I would substitute the libertarian concept
> of anarcho-capitalism, with the essential underpinning being a money that
> not created as debt but is arrived at through market processes entirely
> uncontrolled by govt. (Keep in mind that most mentions of free trade
> mean govt.-managed trade; this distinction is of the first importance.)
> Anarcho-capitalism means REALLY free trade.
> All for now. I have sworn I am not going to get into lengthy
> on this stuff what with other needs for my vanishing time, but I could not
> resist this much. Hope it gets through. I get the list mailings but think
> may have relinquished my right to post. Anyway here goes: hit send! Tom
> White