Interview with Kaoru Yamaguchi 10-2-10

Joe Bongiovanni of EconomicStability.org interviews economist Yamaguchi at the American Monetary Reform Conference in Chicago.

Yamaguchi, a Ph.D from UC Berkley who heads the Green MBA program at Doshisa U. in Kyoto, Japan, has recently completed an economic model predicting the effects on the economy of a debt-free monetary system like that envisioned in The American Monetary Act, He claims that "just by changing the macroeconomic structure from a system of debt into debt-free money we can solve many of the economic problems we are facing, like crises, debt issues, and growth issues."

Links:
Prof. Yamaguchi's model:
http://bs.doshisha.ac.jp/download/files/activity10/discussion/DBS-10-01.pdf

The American Monetary Act:
http://www.monetary.org/amacolorpamphlet.pdf

Coffee with Joe 10-5-10; Yamagichi's model:
http://www.economicstability.org/current-events/coffee-with-joe-10-5-10-yamag...

Category:

News & Politics

Tags:

• Coffee with Joe 10-5-10
• Kaoru Yamaguchi Ph.D.
• monetary reform
• debt-free money
• American Monetary Act
• system dynamics discussion
• economic
• interview

[joebhed]

To Truth-axer

I would like to continue this conversation, but feel the presentation here has gone awry. I didn't realize all the comments you had left earlier. My fault..

My suggestion - why not video this?

You said below you have a video for me and I went to your Utube channel and could not find any.

I think a conversation around public money and whatever you believe is really worthwhile having.

I will make a vid later that responds to what I think you're saying.

Please do the same.

[TruthAxe]

@joebhed Why would I care to read some contemporary quackademic's work? Why would I torture myself by being exposed to the false beliefs of some egghead?

I've discovered the lost Science of Money awhile ago. You can too. Google Books has 100s of books on money and credit written during the times of great debates over money, credit and inflation.

[TruthAxe]

@joebhed You have nothing else to do? You should disabuse yourself of many false beliefs and not merely money. Come to see the truth and truth will set you free.

You can start by going through the many free books on Google Books. Read works published between 1870 and 1920, before the full effects of statism corrupted academia. You can find many books on the topics of inflation, credit, money, economy, crises, panics; socialism, poverty, progress, intervention, eugenics, sociology, ethics.

[TruthAxe]

@joebhed I am not an "Austrian". Those of the Austrian School of Neoclassical Economics get wrong money, credit, banking and central banking.

Their belief of the "double simultaneous ownership of money deposited in banks" is a fundamental flaw and reveals that they lack knowing how commerce works and economics works.

Neoclassical Econ is nothing more than the Fallacies of Ricardo amplified by the Fallacies of Mills and then dressed up with a pseudo-psychological theory of satisfaction.

[TruthAxe]

@joebhed What's the opposite? Socialism? There's nothing democratic about it.

Socialism means living by a council of bureaucrats who decide who gets what and often who does what.

Demo = people, kratos = power. Democratic is that which reflects people with power. Hardly is a council "people".

Everyone knows how well socialism has done. Anyone unsure need only revisit history of the former Soviet Union and 1960s to 1970s United Kingdom.

[TruthAxe]

You amuse, @sanctiX.

Your response is typical of someone suffering cognitive dissonance and mind disorder.

[joebhed]

@TruthAxe

Please explain the significance of the Colonies' use of Spanish coins to this discussion.

Actually, friends at AMI are always telling me I should quit wasting time discussing money with Austrians, Libertarians, Neo-Chartalists, the IMF and BIS.

But I have nothing else to do.

Assuming you have read Zarlenga's The Lost Science of Money book and his Refutation of Menger paper, please point out the 'many false beliefs' contained therein.

Feel free to expand at our website.

Thanks.

[joebhed]

@TruthAxe

Gawd, you can't be serious.

You correctly "capitalized", grammatically-speaking, the Article.

Then you pretend that the transitive verb "to coin" only applies to the noun "Coin".

PUHLEEZ, leave that one at home.

Please Google Harvard Constitutional scholar Robert G. Natelson's definitive paper:

PAPER MONEY AND THE ORIGINAL

UNDERSTANDING OF THE COINAGE CLAUSE

Let's discuss his conclusions.

[joebhed]

@TruthAxe

Agreed, as to knowledge, but not about discussion..

Hopefully, present company excluded.

[joebhed]

@TruthAxe

Gawd.

Except for the fact that the wholesaler as the banker is creating the national medium of exchange in the process.

Advantage -banker.

That makes things a little different as far as commerce and so-called free enterprise goes.

And only the government's promise to pay the depositor gives his right of action any "currency".

Bankers, by the way, are NOT the problem.

Bankers do what bankers do, they lend money.

If the money was FIRST created and THEN lent to the bank, no problem.