How Bernanke Is Using the Printing Press to Win Friends and Influence People | Robert P. Murphy

[stealthswimmer]

wanted to take that business cycle class but i didn't have enough money after throwing an end-of-the-school-year party.

I hope to save up enough money to take it (or another class) next time around. :D

[Salladsdressing]

Is it Bob Murphy, Robert Murphy or both? There are clips with different names all over youtube. Does he have a twin? =)

[orangedac]

@Salladsdressing

its eddie murphy

[Burdell22000]

@Salladsdressing "Bob" is the hypocoristic of "Robert."

And yes, the other "Bob" was born "Robert Nesta Marley"

[wormholespacetime]

...names please! ...we'll take it from there...

you can add yours big "mama's" boy arbitrage...

see how "hedged" your assets really are!

[obaming]

this guy's such a number crunching nerd. I believe him.

[JejuLee]

"most powerful..." and they all answer to the Don, BLANKFEIN--AS THEY DON'T WANT TO WAKE UP DEAD.

[bajoverga]

bob Murphy is awesome....

[MissJemimaPuddleduck]

Yay! An economics curriculum for young folks! LOVE IT. When I was in (home) school, I got to Read Richard J. Maybury's books, which rocked, but this will be perfect. Gonna check this out when it's available.

[rumco]

@arbitrage I shall inflate you till you pop! :)

[campaign4liberty]

Thank you - posted on dailypaul(dot)com

[jalexander3]

how has only 700 people seen this?

maybe that's cause it's 35 minutes long...a half-truth has to be at least half as short as this, right?

i can't see mass-minders watching even 17 minutes of an economist speaking.

[salmongutter]

Sweet, I just saw the back of my head in the crowd! The back of my head has been viewed by 700 people.

[EdgeRetro]

StormCloudGathering you can consider that the Fed being private adds a layer of obfuscation into the system. If congress created the money, the people would obviously demand that public bookkeeping would apply, and we would know where all the money is going. Perhaps it also helped obscure the move from the gold standard to a fiat currency, which of course is beneficial to making politicians more powerful. Most importantly, consider that maybe the politicians work for the banks!

[Artfryne]

HA love the title of the vid

[XxmattitudexX]

the person taking the loan agrees to match this newly created wealth with value they add in from work or production etc.

people have a moral obligation to only take loans to increase overall capitol.

to take a loan to only consume it is where we get inflation.

money is not created so much as it is fronted to the loanie.

[ijust1]

Great videos.. keep 'em coming.

Not sure what your time constrains are like during these events, but I think your audience would LOVE the chance for a short QA session : )

[exiquio]

Austrian economics just makes sense.

[deadman12078]

Yay! No sniper! :)

[furyofbongos]

Intro ends at 2:40

[MykeeRamen]

"Where is the Fed spending it's trillions?" seems like a legitimate question.

[navtel]

@MykeeRamen in the stock market.. market goes up, pension plans are becoming profitable as are 401k's .. people relax and then boom.

[Nintendomanwill]

@navtel

Underproduction when fraudulent goods purchase freely in gluts.

If that good happens to be the yardstick of pricing, the medium of indirect exchange, i.e. money, then profit apparently increases when this 'money' fuels that glut.

So any inflation, or at least any as great as can be had with a central banking system coerced to expand credit, is bound to cause over a long period the FATAL relaxation and indolence of those whose assets' indices rise with the inflation fuelling that glut

[dirtbagstatus]

Stormcloudsgathering,for the federal government to print its own money they would first have to take that monopoly power away from the privately owned bank known as the federal reserve.

[maskedphrogg]

@dirtbagstatus

I'm fairly sure that is the point StormCloudsGathering is making.

Why doesn't the Federal Government remove the power of money creation from Privately held Banks and give it to itself? It would, after all, be an Authority consistent with Constitutional guidelines.

Hell, consistent nothing. It's an Article 1 Power granted by the Constitution to Congress.

[StormCloudsGathering]

The only place where I disagree with this guy is that he thinks that the government benefits from low interest loans from the fed. If the fed creates the money out of thin air then there is no reason that the government could print the money directly at 0% interest. That's what Lincoln was doing before he got assassinated.

[brainbanx]

whoever voted this down is definitely working for the fed

[principles101]

I just noticed that I have to hit the like button 2 times in order to change the stats. I wonder how many other people haven't realized this?

[maskedphrogg]

@principles101

It's not a consistent effect.

I've seen this type of behaviour on various entries.

I down thumbed a vid and the total was recorded as zer0 (-1)s

Downed it again and it was recorded.

Without knowing totals before my vote it is impossible to determine what caused the behaviour or even what results I was witnessing. Someone could have been voting simultaneously with me and my vote lost.

YouTube fora is a complex beast and can hardly be expected to work as expected 100% of the time.

[rumco]

Who voted this down?! I'll find you, I tell ya! :)

[Weapon01]

@rumco I'm pretty sure Brenanke has Youtube as well...so that might be the answer to your question.

[eliasmouawad]

@rumco Search for

"DEBT SCARY COMPARISONS"

amazing

[8Autologic8]

@rumco The three guys who voted against this video were Obama, Geithner, and of course Bernanke!

[damnationbegins]

perhaps paul krugman

[CrawlingAxle]

@rumco Socialist losers.

[TheLegalImmigrant05]

Love this guy. Murphy rocks.

[qtronman]

I like the title! Dale Carnegie all the way! ;-)