[Marxism] The Republicans and the gold standard

Daniel Rocha danieldiniz at gmail.com
Wed Aug 29 12:22:01 MDT 2012


Indeed, money can hide debt, a mountain of debt, since the numeral value of
a bank note is just an abstract number which can be related to anything.
But debt is there and will just go away writing it off or destroying
capital. Either way, easing debt just mean delaying suffering.

2012/8/29 Tom Cod <tomcod3 at gmail.com>

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> Populist movements supported by plebeian masses in the 18th and 19th
> centuries supported the development of paper currencies divorced from
> metal as an avenue for relief from debt.  Perhaps Mark Lause can
> comment on this further as he wrote a book on the Greenback Party.
>
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-- 
Daniel Rocha - RJ
danieldiniz at gmail.com



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