Where do the Austrians go wrong on banking and monetary theory, where do they go wrong on the solution, and what alternatives to theory and solution would you propose? I went searching through some of your posts over the past half year, but I haven't found any mention of this yet.
You may not find it here, because I haven't concentrated solely here. I've posted on forums at Mises.org as well as a forum run by Fred Foldvary that has a few Georgist minded individuals ( who, incidentally, I disagreed with on numerous points as well ).
I only say Larouche is more solid in ideas ( when it comes to money/banking ) because LaRouche wants to strip powers from the bank and fix the money system directly. Rothbard, et al, want to strip the power of government and empower people to use, and have the government enforce (at least for its own dealings) a gold standard. Ron Paul, noteably (though often ignored by RP supporters) understands Rothbard's position but does not have the same stance.
You see, I'm dissappointed in myself as well. I wish I could have seen this movement sooner, and done something while it was still fresh. And I get more fatigued when I see that everyone is 'settling in' to this libertarian/anarcho-austrian economic view instead of finding holes and contradictions and missing pieces. Why don't we have libertarian run banks? Credit unions? Community Currencies? If the problem is economic at root, why are none of our strategies economic? How much more effective is a 500K money bomb vs 10K people handing out 500K worth of pocket constitutions? What is our litmus test for effective strategies? Where is CFL? Why is everyone falling back into standard political campaigning as an effective means to achieve liberty, when the essence of the state itself in most cases is liberty's anti-thesis?
I'm disappointed and have been for awhile, not because I'm better or older or more 'in the know', but simply because I see no one asking any real questions on these forums anymore.
All I see is the same mindless......."Rand, Rand, Moneybomb, Hazlitt, Rothbard, Austrians, Education, Gradualism"...and on and on. The same kind of follow the flow mentality that we ribbed the Obamabots for.
You see Rothbard recognizes the ancient Chinese roots of libertarian thought. And he grasped the concept of 'non-action' and 'non-agression' in his exposition of this knowledge. But he did not see the whole thing. He did not see economics any more clearly than Adam Smith or Henry George or Milton Friedman. He did not see the strategic side of liberty. The "action" side of the yin-yang combo. Well, he saw it perhaps as evidenced by the little credit he gives to it at the end of Ethics of Liberty, but he certainly didn't develop it.
And developing this strategic side for achieving liberty is crucial for understanding the real nature of money. Money and how people use it is inextricably linked to their strategic imperative to 'liberate' themselves from their current economic dilemma. But none of these "monetary theorists" ever considers 'money' from the perspective of the individual in the context of providing solutions that an individual could implement. The solutions are always presented as anti-dotes to try to 'reverse the process', but on a State level or private institution level.
And this understanding can't really be grasped by reading theory. But it can be grasped through dialog. We gather information through reading and theories and stories. We 'learn' through our interaction with others.
Anyway, tired of typing, does this help elaborate?