Tom: nice to read your article. Hongguang Bi > David and Diane: > > Reading you two I kick myself for not having followed up with true faith and > scholarship my first reading of Pound back in 1950 and my stunned > recognition of economic truth. I am child of the Great Depression, and Pound > 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 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 provide > 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 which > 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 much > 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 is > not created as debt but is arrived at through market processes entirely > uncontrolled by govt. (Keep in mind that most mentions of free trade really > 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 correspondence > 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 I > may have relinquished my right to post. Anyway here goes: hit send! Tom > White