Comments on: The Future of Freedom Fund and the “Unimaginable Power” of the Holdeen Trusts “soaking up all the world’s money” http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/ Proceeding Ever More Boldly Against Evil Sun, 19 May 2013 19:58:55 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: ProfNickD http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/comment-page-1/#comment-798828 ProfNickD Mon, 29 Aug 2011 02:42:51 +0000 http://blog.mises.org/?p=18234#comment-798828 True, Mises would have $500 billion in 200 years, but given the central bank’s destruction of the currency, that $500 billion would only have a purchasing power of $6.73. Remember: in 200 years everyone will be billionaires, like in Zimbabwe now.

]]> By: Ken http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/comment-page-1/#comment-798786 Ken Sun, 28 Aug 2011 20:10:59 +0000 http://blog.mises.org/?p=18234#comment-798786 Exactly what I was thinking: Personal opinion enshrined as case law. Well, in a world where personal pique becomes “a requirement of the national honor” (Kaiser Bill, Dugout Doug, et al), it should come as little surprise.

]]> By: Capn Mike http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/comment-page-1/#comment-798767 Capn Mike Sun, 28 Aug 2011 16:43:01 +0000 http://blog.mises.org/?p=18234#comment-798767 Interesting reasoning by the judge. Not one bit of law, just an emotional response. Judicial activism at it’s (sic) finest.

]]> By: Jake http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/comment-page-1/#comment-798766 Jake Sun, 28 Aug 2011 16:38:23 +0000 http://blog.mises.org/?p=18234#comment-798766 If it accumulated “all of the world’s money” it would be no different than a central bank. Any country could, right now, do away with taxes, print up a massive “money” supply, and fund its operations identically to how Holdeen planned. They practically do (minus the no-taxes thing).

]]> By: Walt D. http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/comment-page-1/#comment-798702 Walt D. Sat, 27 Aug 2011 22:08:21 +0000 http://blog.mises.org/?p=18234#comment-798702 This reminds me of “The Statute of Mortmain” in feudal England. Taxes were paid when the land changed hand due to deaths, inheritance,marriages. Taxes were avoided by leaving the land in trust to the church. Since the church could not die, have children, get married etc., the payment of taxes was avoided, while the terms of the trust dictated the use of the land. The statute tried to eliminate this loophole by requiring Royal consent before land could be given to the church.

]]> By: HL http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/comment-page-1/#comment-798701 HL Sat, 27 Aug 2011 21:46:47 +0000 http://blog.mises.org/?p=18234#comment-798701 A nice reminder that any instrument dependent on the State is, well, dependent on the State. A judge can hijack a trust just as much as a corporate charter.

]]> By: Kyle Davidson http://archive.mises.org/18234/the-future-of-freedom-fund-and-the-unimaginable-power-of-the-holdeen-trusts-soaking-up-all-the-world%e2%80%99s-money/comment-page-1/#comment-798683 Kyle Davidson Sat, 27 Aug 2011 17:35:24 +0000 http://blog.mises.org/?p=18234#comment-798683 That is wild. Too bad it didn’t hold up. I’m surprised a bit that his heirs weren’t the one to go after it. I assume they got plenty if he was willing to tuck away almost $3 million to this idea…

No surprise the church caved after his death.

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