Friday, December 05, 2003

A Banking Intro

Henry has been delving deeply into the world of global banking systems. He has many interesting theories on the subject, which I'm sure he'll enlighten us with once he's through with finals. He has concerns regarding fiat currencies, particularly with the overextension of the US's fiat currency, and seems to be mostly in agreement with the "Austrian school" of economics as established by Ludwig Von Mises. He assures me that although has been hijacked by intellectually inbred libertarian lunatics, there is much merit in Mises's economic theory. So in order to better equip myself for these discussions I've dug through the Asia Times archive to find a large, multi-part banking system primer written by Henry C K Liu (if he ever wrote any sections beyond 4c, I haven't been able to find them). If anyone else wants to get a head start on this topic, there ya go...

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