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Anarchism with Reasoning and Carmel

Caramel
Posts: 855
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10/23/2010 12:14:41 AM
Posted: 6 years ago
So I still don't understand your system of currency. I understand how usury is looked down upon but I don't understand exactly how your system avoids it.
no comment
Reasoning
Posts: 4,456
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10/23/2010 10:50:20 AM
Posted: 6 years ago
At 10/23/2010 12:14:41 AM, Caramel wrote:
So I still don't understand your system of currency. I understand how usury is looked down upon but I don't understand exactly how your system avoids it.

"For, say Proudhon and Warren, if the business of banking were made free to all, more and more persons would enter into it until the competition should become sharp enough to reduce the price of lending money to the labor cost, which statistics show to be less than three-fourths of once per cent. In that case the thousands of people who are now deterred from going into business by the ruinously high rates which they must pay for capital with which to start and carry on business will find their difficulties removed. If they have property which they do not desire to convert into money by sale, a bank will take it as collateral for a loan of a certain proportion of its market value at less than one per cent. discount. If they have no property, but are industrious, honest, and capable, they will generally be able to get their individual notes endorsed by a sufficient number of known and solvent parties; and on such business paper they will be able to get a loan at a bank on similarly favorable terms. Thus interest will fall at a blow." - Benjamin Tucker[1]

1 http://praxeology.net...
"What we really ought to ask the liberal, before we even begin addressing his agenda, is this: In what kind of society would he be a conservative?" - Joseph Sobran
Ragnar_Rahl
Posts: 19,297
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10/23/2010 9:52:00 PM
Posted: 6 years ago
until the competition should become sharp enough to reduce the price of lending money to the labor cost
Due to time value of money, new competitors stop being stupid enough to enter long before then.
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
Kleptin
Posts: 5,095
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10/23/2010 9:56:32 PM
Posted: 6 years ago
You lured me in here because the topic sounds like a dessert of some sort. I hate you all.
: At 5/2/2010 2:43:54 PM, innomen wrote:
It isn't about finding a theory, philosophy or doctrine and thinking it's the answer, but a practical application of one's experiences that is the answer.

: At 10/28/2010 2:40:07 PM, jharry wrote: I have already been given the greatest Gift that anyone could ever hope for [Life], I would consider myself selfish if I expected anything more.
Ragnar_Rahl
Posts: 19,297
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10/23/2010 10:02:52 PM
Posted: 6 years ago
At 10/23/2010 9:56:32 PM, Kleptin wrote:
You lured me in here because the topic sounds like a dessert of some sort. I hate you all.

Reasoning? Sounds more like a duck. The caramel is sprinkled lightly, it doesn't dominate the flavor.
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
Kleptin
Posts: 5,095
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10/23/2010 10:04:12 PM
Posted: 6 years ago
At 10/23/2010 10:02:52 PM, Ragnar_Rahl wrote:
At 10/23/2010 9:56:32 PM, Kleptin wrote:
You lured me in here because the topic sounds like a dessert of some sort. I hate you all.

Reasoning? Sounds more like a duck. The caramel is sprinkled lightly, it doesn't dominate the flavor.

I read it as "raisins and caramel" for some reason.
: At 5/2/2010 2:43:54 PM, innomen wrote:
It isn't about finding a theory, philosophy or doctrine and thinking it's the answer, but a practical application of one's experiences that is the answer.

: At 10/28/2010 2:40:07 PM, jharry wrote: I have already been given the greatest Gift that anyone could ever hope for [Life], I would consider myself selfish if I expected anything more.
Caramel
Posts: 855
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10/24/2010 12:49:27 AM
Posted: 6 years ago
At 10/23/2010 10:50:20 AM, Reasoning wrote:
At 10/23/2010 12:14:41 AM, Caramel wrote:
So I still don't understand your system of currency. I understand how usury is looked down upon but I don't understand exactly how your system avoids it.

"For, say Proudhon and Warren, if the business of banking were made free to all, more and more persons would enter into it until the competition should become sharp enough to reduce the price of lending money to the labor cost, which statistics show to be less than three-fourths of once per cent. In that case the thousands of people who are now deterred from going into business by the ruinously high rates which they must pay for capital with which to start and carry on business will find their difficulties removed. If they have property which they do not desire to convert into money by sale, a bank will take it as collateral for a loan of a certain proportion of its market value at less than one per cent. discount. If they have no property, but are industrious, honest, and capable, they will generally be able to get their individual notes endorsed by a sufficient number of known and solvent parties; and on such business paper they will be able to get a loan at a bank on similarly favorable terms. Thus interest will fall at a blow." - Benjamin Tucker[1]

1 http://praxeology.net...

Do these "endorsements" equate to cosigners on a loan? Are you saying that if I was honest, I would have the ability to spread the risk of my loan over many individuals? If that is what you mean, then that is an interesting idea.
no comment
Caramel
Posts: 855
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10/24/2010 12:50:26 AM
Posted: 6 years ago
At 10/23/2010 10:04:12 PM, Kleptin wrote:
At 10/23/2010 10:02:52 PM, Ragnar_Rahl wrote:
At 10/23/2010 9:56:32 PM, Kleptin wrote:
You lured me in here because the topic sounds like a dessert of some sort. I hate you all.

Reasoning? Sounds more like a duck. The caramel is sprinkled lightly, it doesn't dominate the flavor.

I read it as "raisins and caramel" for some reason.

Has that ever been done?
no comment
Ragnar_Rahl
Posts: 19,297
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10/24/2010 12:53:24 AM
Posted: 6 years ago
At 10/24/2010 12:50:26 AM, Caramel wrote:
At 10/23/2010 10:04:12 PM, Kleptin wrote:
At 10/23/2010 10:02:52 PM, Ragnar_Rahl wrote:
At 10/23/2010 9:56:32 PM, Kleptin wrote:
You lured me in here because the topic sounds like a dessert of some sort. I hate you all.

Reasoning? Sounds more like a duck. The caramel is sprinkled lightly, it doesn't dominate the flavor.

I read it as "raisins and caramel" for some reason.

Has that ever been done?

Raisins and yogurt is pretty good. Or chocolate. Can't imagine caramel is more difficult to make work.
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
Kleptin
Posts: 5,095
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10/24/2010 7:58:29 AM
Posted: 6 years ago
At 10/24/2010 12:53:24 AM, Ragnar_Rahl wrote:
Raisins and yogurt is pretty good. Or chocolate. Can't imagine caramel is more difficult to make work.

Not if both are in ice cream, and the caramel is light. Another situation would be in bread pudding, which traditionally has raisins.
: At 5/2/2010 2:43:54 PM, innomen wrote:
It isn't about finding a theory, philosophy or doctrine and thinking it's the answer, but a practical application of one's experiences that is the answer.

: At 10/28/2010 2:40:07 PM, jharry wrote: I have already been given the greatest Gift that anyone could ever hope for [Life], I would consider myself selfish if I expected anything more.
Reasoning
Posts: 4,456
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10/24/2010 3:26:41 PM
Posted: 6 years ago
At 10/24/2010 12:49:27 AM, Caramel wrote:
At 10/23/2010 10:50:20 AM, Reasoning wrote:
At 10/23/2010 12:14:41 AM, Caramel wrote:
So I still don't understand your system of currency. I understand how usury is looked down upon but I don't understand exactly how your system avoids it.

"For, say Proudhon and Warren, if the business of banking were made free to all, more and more persons would enter into it until the competition should become sharp enough to reduce the price of lending money to the labor cost, which statistics show to be less than three-fourths of once per cent. In that case the thousands of people who are now deterred from going into business by the ruinously high rates which they must pay for capital with which to start and carry on business will find their difficulties removed. If they have property which they do not desire to convert into money by sale, a bank will take it as collateral for a loan of a certain proportion of its market value at less than one per cent. discount. If they have no property, but are industrious, honest, and capable, they will generally be able to get their individual notes endorsed by a sufficient number of known and solvent parties; and on such business paper they will be able to get a loan at a bank on similarly favorable terms. Thus interest will fall at a blow." - Benjamin Tucker[1]

1 http://praxeology.net...

Do these "endorsements" equate to cosigners on a loan? Are you saying that if I was honest, I would have the ability to spread the risk of my loan over many individuals? If that is what you mean, then that is an interesting idea.

Correct.
"What we really ought to ask the liberal, before we even begin addressing his agenda, is this: In what kind of society would he be a conservative?" - Joseph Sobran
Caramel
Posts: 855
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10/24/2010 10:25:27 PM
Posted: 6 years ago
At 10/24/2010 3:26:41 PM, Reasoning wrote:
At 10/24/2010 12:49:27 AM, Caramel wrote:
At 10/23/2010 10:50:20 AM, Reasoning wrote:
At 10/23/2010 12:14:41 AM, Caramel wrote:
So I still don't understand your system of currency. I understand how usury is looked down upon but I don't understand exactly how your system avoids it.

"For, say Proudhon and Warren, if the business of banking were made free to all, more and more persons would enter into it until the competition should become sharp enough to reduce the price of lending money to the labor cost, which statistics show to be less than three-fourths of once per cent. In that case the thousands of people who are now deterred from going into business by the ruinously high rates which they must pay for capital with which to start and carry on business will find their difficulties removed. If they have property which they do not desire to convert into money by sale, a bank will take it as collateral for a loan of a certain proportion of its market value at less than one per cent. discount. If they have no property, but are industrious, honest, and capable, they will generally be able to get their individual notes endorsed by a sufficient number of known and solvent parties; and on such business paper they will be able to get a loan at a bank on similarly favorable terms. Thus interest will fall at a blow." - Benjamin Tucker[1]

1 http://praxeology.net...

Do these "endorsements" equate to cosigners on a loan? Are you saying that if I was honest, I would have the ability to spread the risk of my loan over many individuals? If that is what you mean, then that is an interesting idea.

Correct.

Impressive... Let me research the issue a bit further.
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