AUSTRALIAN anarchist and sceptic, Neville Kennard, died last night (Sunday 3rd June) from secondary cancer from a melanoma. Many knew Kennard as one of the brothers who owned and managed Kennards Hire and Kennards Self Storage. Kennard was also one of the first financial supporters and the first Chairman of the Centre for Independent Studies. I knew Nev as an enthusiastic supporter of Socratic dialogue and unconventional wisdom.
The last time we met was at the Royal Sydney Yacht Club in November last year. Kennard had invited a small group to dinner there to hear Hans Hermann-Hoppe speak about fiat money. Fiat money is what Professor Hoppe refers to as irredeemable pieces of paper. Hoppe talked about the history of money and our current banking system concluding that only a system of universal commodity money (gold), competitive banks (not the current system where monopolistic reserve banks set interest rates etcetera), and 100-percent-reserve deposit banking with a strict functional separation of loan and deposit banking can assure economic stability and present a genuine answer to the current “monetarist fiasco”.
[Read more…] about Eulogy: Neville Kennard had Unconventional Wisdom
Jennifer Marohasy BSc PhD has worked in industry and government. She is currently researching a novel technique for long-range weather forecasting funded by the B. Macfie Family Foundation.