@1977Melville I imagine so. I know that here in California we can smoke all the weed we want as long as we get a $60 medical card. Just show up, drop 60 bucks and now you can legally smoke :)
The Constitutional Sovereignty Alliance organizes and supports state chapters who support STATE laws that exercise the states' sovereignty to resist and reverse federal usurpation.
That was very interesting. "Just say No" should be the new slogan for the States in dealing with the federal government. This is kind of like Ghandi's civil disobedience efforts and telling the British "We don't hate you, we just want you to leave". Okay, now I have to read this book right after I finish reading how the international bankers have been fucking us for the last hundred years in 'The Creature from Jekyll Island'. Thanks. Keep up the fight to stay free.
The US under liberals doesn't answer to the US or it's citizens. It answers to the UN! Basically, the countries that have the worst economies and horrible human rights problems are telling us our puny problems are enormous. We don't let gay people get married, other countries behead gays. Big difference in rights! You would think that would be a more pressing issue for the gay community? Weird how they don't seem to care about that. OH well, but we have to find David so he can take down Goliath!
@Standonarock The 'liberals' are not running the country, the corporations and the banks are. And what do you care whether gay people marry or not? It's a matter of human rights and dignity. Your rightwing masters want you to fear anyone not like yourself and you've bought into that. Sanctity of marriage is far more threatened by a thrice married adulterous Newt Gingrich than some gay couple.
Right on the money. This is exactly what we need to do, and with state law as well. Especially here in Washington where we have a government agency running production of apples (Our main export) who are proud of the fact that apple farmers in Washington have less freedom than in Communist China, and where the freaking liquor industry is owned by the government. And it's a clear method by which we can fight back.
Tap into frustration to destroy America. Just in time to refederate the dismantled states with the dismantled provinces of Canada under the continental parliament planned for you by Robert Pastor and the CFR, run by the multinationals. Your incumbents are under PERJURED OATHS OF ALLEGIANCE. You need to IMPEACH them and save the nation, not destroy the nation of 320 million to dispose of the traitors. Your logic is lunacy. You also have article 4, section 4 of the US Constitution, INVOKE IT!
lets see nullification was accomplished with the 15th amendment and lots of people could not vote due to poll taxes and/or grandfather clauses. if states do not agree with feds then change is thru an election.
@nsdtr01 That's not what the Jeffersonians said, thank goodness! What gives you such quaint confidence in elections? I mean, it's great you trust the American political system so much, but the system I see is full of crooks on both sides. Can I live in your universe?
Have you actually listened to any of the YouTubes on nullification you've commented on, or are you just going to give us the junior-high routine?
Some have said if the Feds won't enforce the laws that only they can enforce, then AZ should secede. I believe, that the States need not secede, they just need to realize that the national government has seceded from them -- it has violated its contract with the States (in this issue at least). Since the national government has defaulted on the contract, the States should declare it void and create a new government.
I love the last statement Tom makes about how nullification enrages the political establishment even more than Austrian economics because the may be too ignorant to understand economics but they do understand "disobeying". Classic.
@libertyplayground I've been thinking the same thing. He wrote a book recently that I can't wait to read called 'Bourbon for Breakfast' and it's loaded with libertarian perspectives about all sorts of everyday experiences from economics to shaving cream. It's available for free download at Mises dot org if you're interested.
Nullification is the only option a State has in a National government. Obviously, when Arizona tried to implement the federal law *as written*, it got shot down. So if a State believes it is being abused by a National government, like having to pay for illegal immigrants, the only recourse a State can take is to nullify other laws, like, say, the income tax.
I don't believe Arizona should do anything about illegal immigration, but clearly, neither does the National government.
@ruddip I already told you. AZ should stop collecting income tax on behalf of the National government. As Woods pointed out, AZ could put the money in escrow until the National government does what AZ wants regarding illegal immigration. If the National government deals with the problem the way AZ wants, then AZ can release the funds. If the National government ignores AZ, then it will never get the money. But states have no balls, so this will never happen.
@AgoraTravel I agree, but at some point things will get bad enough that self-survival will kick in, and Arizona and other States will have to do something radical.
Right on. The global public-private partnership (PPP) of big business & big government is strangling working taxpayers & small business investors.
The same mostly European, American, & Asian financial arch-criminal uber-rich controlling banking & corporate investor families have waged economic war on us in the US 12 times, starting in 1797.
Today's economic war is global, led by the malevolent Bank for International Settlements (BIS) in Basel, Switz.; Mexico City D.F. & Hong Kong SAR (PRC).
It took me a while to put my finger on it but Jeffrey Tucker reminds me of Donald Sutherland. I've learned a great deal from Von Mises thanks to Dr. Paul. Really enjoyed the video! Thank you!
I wish more people knew about jury nullification! If I am put in a jury, you can rest assured I will NEVER convict anyone of a drug crime, for example. State nullification is a joke, it will never happen.
This comment has received too many negative votesshow
anybody who uses the constitution, a 200 year old document written by a band of senile old coots, as the basis for his book, cannot be taken seriously.
tom woods - congratulations on using the mises brand name and public sentiment (or to term it more bluntly, peasant sentiment) to sell more of your books and make more money for yourself.
on that basis, you are an intelligent individual but next time pick better literary or historical references.
@TheUltraglobalist "the constitution, a 200 year old document written by a band of senile old... next time pick better literary or historical references." What literary works do you suggest?
FDR and the federal government kidnapped and locked up Japanese citizens and Americans of Japanese heritage. The U.S. Constitution and Bill of Rights didn't do much for them. Every soldier who enforced Executive Order 9066 was a traitor.
We need more Tom Woodses in this country who are capable of destroying the statist talking points of the politically correct and the statists such as m$nbc, airhead schultz, madcow, odorman, etc.
@arcanekrusader Are you putting helpful tags on your videos? Are they duplicates of the Mises channel? Are you recommending your videos on other, more active videos?
I've posted a few videos in the past, and I learned that sports, girls, and pop culture get the most hits, regardless of importance or substance. Things like liberty, sadly, aren't a priority with most people. Mises succeeds because it has the name. Hopefully, more people discover you. I'll subscribe!
Great conversation between two of my favorite Mieses' Institute people, Tom Woods and Jeffrey Tucker ! Please post more of these. I enjoy the lecture series,which are very informative ,but this is really lively and engaging and shows how exciting and relevant economics and history can be.
Mises should post Tom's book to every governor, every senator, and ever person with power in the states! I reckon it would have a great powerful affect for the good of America!
Like Jefferson teaches, and in the spirit of Independence, we should all individually resist these tyrannies. Since I was born here, where could I be deported if I renounce my "citizenship" and give up the social ponzi scheme number assigned to me when I was a minor and unable to contract by the laws of these Ponzi creators?
It's about time we gave some power to bodies closer to the people. The Fed is too big and too dangerous for its own good. Push for someone to nullify the Fed when it oversteps its bounds of the Constitution
I always find it amusing that people who advocate a "green" world and claim to support local businesses are more often than not the same ones who have no problem allowing the federal government to take more and more control over their lives. If you can explain a libertarian view clearly and concisely, most progressives just don't have a good answer to support their ozymoronic (and also just plainly moronic) worldview.
@pretorious700 Please state your case with a bit more detail to prove your point. I advocate a green world and I'm not comfortable with the federal govt whatsoever. They are killers, not 'green'. If all you can do is spout Bill O'Reilly nonsense, then learn a bit more first.
Am I the only one who thinks Tom is kind of like Murray? Historian, to some extent a workaholic, has made original contributions at a young age, writes so that even a layman can understand and has a down-to-earth approach to politics.
Jeffrey on the other hand is the most insightful writer on everyday life and culture. I highly recommend his book Bourbon For Breakfast(also in free .pdf). It's a quick and fascinating read that will open your eyes.
"At least the state doesn't have a printing press" - banks create more money than the fed, by far the greatest contributors to the money supply is private lending since each loan creates its own deposit.
@NietzscheanMan Hi man, no, I'm not mixing up. Each loan creates its own deposit, this is the irony here, we're shouting about a central bank printing money, but our system is one that creates money privatemy, central bank only creates base money which is a fraction of the total. pls watch "money as debt" video. Without central bank you wud still get a full credit cycle of inflation followed by deflation, if you allow banks to lend money they don't have, which we do.
@dfjpr Hello. I know what you mean, but this is only possible due to people relying and for the most part only knowing about fiat money which gives the banks license to do this (due to state backing). In a free market environment where each bank is free to print its own currency etc.; this would be much more contained like it was before central banking (and you'd get the return of actual savings banks and such without fractional reserve banking).
@NietzscheanMan hmm... "this would be much more contained", banks often operated up to 9 to 1 lending ratios under gold standard, and money supply contracted 27% from 1931 to 1933. So actually, and this is the irony, I don't think it is more contained, the difference is that nowadays it is only inflation, instead of inflate followed by deflate, both of which harm the population and the business environment. It wud appear that we dont need a fixed base, so much as a stable broad moneysupply.
even the 1870 depression and the 1907 panic demonstrate that the credit cycle was present prior to 1913, a cycle of lending, inflation, then deflation, default and foreclosure on assets that banks never had the money to buy in the 1st place. Private bank money-creation is surely just as legitimate as fed printing, both of which are surely less legitimate than gov create its own money on. behalf of the ppl. So if we argue against fed, we ought to argue for gov control of the Money-supply.
@greenghost2008 Did you see his presentation at the "Economics for Highschool Students" series?
.
Standing ovation. How many history lectures get a standing ovation? In my experience, his makes two. The other was James Burke who presented the Connections series.
Mises....I love you guys. You enlightened me. Before i came across the Mises Institute I was a simple libertarian, but you guys made me think like I was taught not to. Thanks so much.
You will get your chance very soon however you and many others will be in fear. Then the iron boot of tyrannical government will crack down on every thing shortly before being destroyed from outside.
@oc5nsli341nforce4 lol the federal government will starve itself in the end. They are cowards. Government is an erroneous proposition based on the idea that socially cooperative people need to be coerced into being socially cooperative people by overlords (which of course, statists claim will be far wiser and far more benevolent that everyone else). If man is incapable of ruling himself (and he isn't) then there are even fewer men able to rule others, exactly 0 men to be precise.
@leavesofliberty "If men were angels, there would be no need for government." Unfortunately, we are not angels, and anarchy doesn't work - and not just because we can't handle it - people naturally gravitate to some kind of governing body. What we need is to go back to STRICT constitutional principals, and get rid of EXCESSIVE government.
@thedemoboy So because men aren't angels, we should give them the opportunity to vote for demons? You are the one that is assuming too much in the nature of man, not I. You should do some research before dismissing the idea out of hat. Oh and by the way, if the Constitution was magically followed tomorrow, what would prevent this nation from turning out just the way it has turned out 100 years later?
@leavesofliberty Last point first; nothing would prevent it. Which is what has happened, and why folks like me are fighting to get things back on track. Now to the main point of anarchy not being possible. Where in the world does/has anarchy existed for a lengthy period of time? It doesn't/hasn't. This is basic sociology (see 'power vacuums')
I'm not dismissing the idea "out of hat"; as your idea isn't a new one - and believe it or not, I've thought about it before reading your comment.
@thedemoboy I shouldn't have to even give an example, as the limited Constitutional government theory, the theory being that we need to outsource all authority to a giant gang, has not worked at all. Holding elections between them hasn't worked either. Somalia is an example of a stateless society that is statistically working over the last nearly 20 years in spite of the UN trying to undermine it with proxy wars from Ethiopia. The internet is another example.
The Obama admin has an axe to grind against medical marijuana in CA.
1977Melville 3 months ago
Would nullification apply to a state that wanted to legalize weed or even drugs?
1977Melville 8 months ago
@1977Melville I imagine so. I know that here in California we can smoke all the weed we want as long as we get a $60 medical card. Just show up, drop 60 bucks and now you can legally smoke :)
Shadowsolid 7 months ago
Keep the Colors A'Flyin!!
statesrights01 11 months ago
NEOCONFEDERATE!!!
klaptongroovemaster 11 months ago
Nullify Federal tyranny now! I'm ready.
RedShirtArmy 11 months ago 7
Thomas Woods is one of my favorite people in the world. Another great American!
pepintheshort100 11 months ago 4
great interviewer
knightschwartz 1 year ago
I really enjoy listening to Tom Woods. He has a fire in his belly, a moral rage when he is describing the actions of the statists.
PJCelis 1 year ago
4 jews saw this video
germaniajim 1 year ago
The Constitutional Sovereignty Alliance organizes and supports state chapters who support STATE laws that exercise the states' sovereignty to resist and reverse federal usurpation.
allturners 1 year ago 2
That was very interesting. "Just say No" should be the new slogan for the States in dealing with the federal government. This is kind of like Ghandi's civil disobedience efforts and telling the British "We don't hate you, we just want you to leave". Okay, now I have to read this book right after I finish reading how the international bankers have been fucking us for the last hundred years in 'The Creature from Jekyll Island'. Thanks. Keep up the fight to stay free.
govtISorganizedcrime 1 year ago 4
I found mises.org today, it's like finding my long lost family. Encourage your state governments to resist the Fed.
KristopherRichards08 1 year ago 12
4 Keynesians watched this video
sov19871987 1 year ago
Repeal the 16th and 17th amendment and this process will be more effective. I am not talking about armed resistance either.
ghilljr50 1 year ago
Repeal the 16th and 17th amendment and this process will be more effective. I am not talking about armed resistance either.
ghilljr50 1 year ago
interesting,,
kideyedm 1 year ago
15:30 the most sense i've heard in years. yes yes yes . How the real America should be !
puniks2112 1 year ago
@puniks2112 now you know why they want a NWO so badly
TrishtheDishNY 1 year ago
The US under liberals doesn't answer to the US or it's citizens. It answers to the UN! Basically, the countries that have the worst economies and horrible human rights problems are telling us our puny problems are enormous. We don't let gay people get married, other countries behead gays. Big difference in rights! You would think that would be a more pressing issue for the gay community? Weird how they don't seem to care about that. OH well, but we have to find David so he can take down Goliath!
Standonarock 1 year ago
@Standonarock The 'liberals' are not running the country, the corporations and the banks are. And what do you care whether gay people marry or not? It's a matter of human rights and dignity. Your rightwing masters want you to fear anyone not like yourself and you've bought into that. Sanctity of marriage is far more threatened by a thrice married adulterous Newt Gingrich than some gay couple.
signalfire6 1 month ago
Right on the money. This is exactly what we need to do, and with state law as well. Especially here in Washington where we have a government agency running production of apples (Our main export) who are proud of the fact that apple farmers in Washington have less freedom than in Communist China, and where the freaking liquor industry is owned by the government. And it's a clear method by which we can fight back.
Pericles461 1 year ago
Tap into frustration to destroy America. Just in time to refederate the dismantled states with the dismantled provinces of Canada under the continental parliament planned for you by Robert Pastor and the CFR, run by the multinationals. Your incumbents are under PERJURED OATHS OF ALLEGIANCE. You need to IMPEACH them and save the nation, not destroy the nation of 320 million to dispose of the traitors. Your logic is lunacy. You also have article 4, section 4 of the US Constitution, INVOKE IT!
crazyforcanada 1 year ago
Comment removed
furyofbongos 1 year ago
lets see nullification was accomplished with the 15th amendment and lots of people could not vote due to poll taxes and/or grandfather clauses. if states do not agree with feds then change is thru an election.
nsdtr01 1 year ago
@nsdtr01 That's not what the Jeffersonians said, thank goodness! What gives you such quaint confidence in elections? I mean, it's great you trust the American political system so much, but the system I see is full of crooks on both sides. Can I live in your universe?
Have you actually listened to any of the YouTubes on nullification you've commented on, or are you just going to give us the junior-high routine?
DRNevans 1 year ago
When is Tome Woods going to run for office?
KenMacMillan 1 year ago
ruddip:
Some have said if the Feds won't enforce the laws that only they can enforce, then AZ should secede. I believe, that the States need not secede, they just need to realize that the national government has seceded from them -- it has violated its contract with the States (in this issue at least). Since the national government has defaulted on the contract, the States should declare it void and create a new government.
alexandertytler 1 year ago 2
I love the last statement Tom makes about how nullification enrages the political establishment even more than Austrian economics because the may be too ignorant to understand economics but they do understand "disobeying". Classic.
mjhonsun 1 year ago
does anyone get the feeling that Jeff Tucker is larger than life?
libertyplayground 1 year ago 2
@libertyplayground I've been thinking the same thing. He wrote a book recently that I can't wait to read called 'Bourbon for Breakfast' and it's loaded with libertarian perspectives about all sorts of everyday experiences from economics to shaving cream. It's available for free download at Mises dot org if you're interested.
mjhonsun 1 year ago
Nullification is the only option a State has in a National government. Obviously, when Arizona tried to implement the federal law *as written*, it got shot down. So if a State believes it is being abused by a National government, like having to pay for illegal immigrants, the only recourse a State can take is to nullify other laws, like, say, the income tax.
I don't believe Arizona should do anything about illegal immigration, but clearly, neither does the National government.
AgoraTravel 1 year ago
@AgoraTravel arizona shouldn't do anything about illegal immigration? then what other options are there?
ruddip 1 year ago
@ruddip I already told you. AZ should stop collecting income tax on behalf of the National government. As Woods pointed out, AZ could put the money in escrow until the National government does what AZ wants regarding illegal immigration. If the National government deals with the problem the way AZ wants, then AZ can release the funds. If the National government ignores AZ, then it will never get the money. But states have no balls, so this will never happen.
AgoraTravel 1 year ago 2
@AgoraTravel I agree, but at some point things will get bad enough that self-survival will kick in, and Arizona and other States will have to do something radical.
jpschubbs 1 year ago
Comment removed
AgoraTravel 1 year ago
We need to send copies of Thomas Wood's book Nullification to every Governor and every candidate for governor in the United States.
rmcnnlly 1 year ago
I finished 'Nullification' last night. Great read.
capncrunch93able 1 year ago
This is such a great interview!
KagarBeardtooth 1 year ago
Excellent.
angusmcgherkinsquirt 1 year ago
Right on. The global public-private partnership (PPP) of big business & big government is strangling working taxpayers & small business investors.
The same mostly European, American, & Asian financial arch-criminal uber-rich controlling banking & corporate investor families have waged economic war on us in the US 12 times, starting in 1797.
Today's economic war is global, led by the malevolent Bank for International Settlements (BIS) in Basel, Switz.; Mexico City D.F. & Hong Kong SAR (PRC).
rwattonville 1 year ago
It took me a while to put my finger on it but Jeffrey Tucker reminds me of Donald Sutherland. I've learned a great deal from Von Mises thanks to Dr. Paul. Really enjoyed the video! Thank you!
WokNWol 1 year ago
I need to stop reply to the trolls making dumb comments.
Seiku 1 year ago
This comment has received too many negative votes show
@Seiku
then you should stop posting to yourself, retard.
TheUltraglobalist 1 year ago
@TheUltraglobalist Impossible, I didn't use the "reply" feature like you did lol!
Seiku 1 year ago
Superb!
ntoiyt 1 year ago
I wish more people knew about jury nullification! If I am put in a jury, you can rest assured I will NEVER convict anyone of a drug crime, for example. State nullification is a joke, it will never happen.
christo930 1 year ago
This comment has received too many negative votes show
anybody who uses the constitution, a 200 year old document written by a band of senile old coots, as the basis for his book, cannot be taken seriously.
tom woods - congratulations on using the mises brand name and public sentiment (or to term it more bluntly, peasant sentiment) to sell more of your books and make more money for yourself.
on that basis, you are an intelligent individual but next time pick better literary or historical references.
TheUltraglobalist 1 year ago
@TheUltraglobalist "the constitution, a 200 year old document written by a band of senile old... next time pick better literary or historical references." What literary works do you suggest?
4KnowWon 1 year ago 2
Comment removed
Seiku 1 year ago
Jeffrey you look like Bruce Willis.
Boonamal 1 year ago 2
FDR and the federal government kidnapped and locked up Japanese citizens and Americans of Japanese heritage. The U.S. Constitution and Bill of Rights didn't do much for them. Every soldier who enforced Executive Order 9066 was a traitor.
order9066 1 year ago
We need more Tom Woodses in this country who are capable of destroying the statist talking points of the politically correct and the statists such as m$nbc, airhead schultz, madcow, odorman, etc.
815141518 1 year ago 2
@815141518 Don't worry, no one watches maddow or oberman other than a handful of brainwashed tools.
strongbadXCP 1 year ago
@815141518. FoxNews isn't much better, it is the flipside of PMSNBC.
Melville10 1 year ago
It's so sad that our public education and other special interests have starved the average American of the civics that founded this country.
But it's great that we're figuring that out now, and that the Mises institute is providing the ammo.
For the viewer, the Mises site is possibly the most valuable on the net.
SpotlightEntrance 1 year ago 2
@SpotlightEntrance I agree. I post many Mises vids to my FB page: I doubt anyone watches them though, but you never know!
arcanekrusader 1 year ago
@arcanekrusader Are you putting helpful tags on your videos? Are they duplicates of the Mises channel? Are you recommending your videos on other, more active videos?
I've posted a few videos in the past, and I learned that sports, girls, and pop culture get the most hits, regardless of importance or substance. Things like liberty, sadly, aren't a priority with most people. Mises succeeds because it has the name. Hopefully, more people discover you. I'll subscribe!
SpotlightEntrance 1 year ago
excellent.
kevinz1985 1 year ago
What 2 degenerates didnt like this video???
ExposingUncleSham 1 year ago
@ExposingUncleSham lol. yea! WHO WAS IT!!! lol. sorry its friday im bored and happy all at once. suck my individual you collectivist federal pigs!
laplante31 1 year ago
Great conversation between two of my favorite Mieses' Institute people, Tom Woods and Jeffrey Tucker ! Please post more of these. I enjoy the lecture series,which are very informative ,but this is really lively and engaging and shows how exciting and relevant economics and history can be.
Mavrilon 1 year ago 2
popular culture heroes: Kobe Bryant, Peyton Manning, Angelina Jolie....
my heroes: Tom "freaking" Woods, Ron Paul, Lew Rockwell, Walter Block....
mine are better than yours!!!!
newseamus 1 year ago 2
lol Hitler being postmaster of Bavaria
salzarCFH 1 year ago 2
Mises should post Tom's book to every governor, every senator, and ever person with power in the states! I reckon it would have a great powerful affect for the good of America!
NicosMind 1 year ago 2
Tom Woods is a beast of liberty
JakeNonphixion 1 year ago 2
Awesome discussion Jeff and Tom! Thank you guys for all that you do!
Anarkocapitalist 1 year ago 2
"How many Federal laws have been repealed? 1 or 2 out of five hundred zillion?!" :)
jtropeano 1 year ago
Well, if you love liberty, you can't stand the federal government. You can't stand any level of government whatsoever. - Thomas E. Woods, Jr.
Perfect.
OttoVonKonrad 1 year ago 2
share this everywhere !
linkin622 1 year ago
No zombie :(
Sinisterene 1 year ago 10
Like Jefferson teaches, and in the spirit of Independence, we should all individually resist these tyrannies. Since I was born here, where could I be deported if I renounce my "citizenship" and give up the social ponzi scheme number assigned to me when I was a minor and unable to contract by the laws of these Ponzi creators?
FairEnterprise 1 year ago
It's about time we gave some power to bodies closer to the people. The Fed is too big and too dangerous for its own good. Push for someone to nullify the Fed when it oversteps its bounds of the Constitution
collosalchris 1 year ago
I always find it amusing that people who advocate a "green" world and claim to support local businesses are more often than not the same ones who have no problem allowing the federal government to take more and more control over their lives. If you can explain a libertarian view clearly and concisely, most progressives just don't have a good answer to support their ozymoronic (and also just plainly moronic) worldview.
pretorious700 1 year ago
@pretorious700 Please state your case with a bit more detail to prove your point. I advocate a green world and I'm not comfortable with the federal govt whatsoever. They are killers, not 'green'. If all you can do is spout Bill O'Reilly nonsense, then learn a bit more first.
signalfire6 1 month ago
Am I the only one who thinks Tom is kind of like Murray? Historian, to some extent a workaholic, has made original contributions at a young age, writes so that even a layman can understand and has a down-to-earth approach to politics.
Jeffrey on the other hand is the most insightful writer on everyday life and culture. I highly recommend his book Bourbon For Breakfast(also in free .pdf). It's a quick and fascinating read that will open your eyes.
Xasew 1 year ago
Can't hear anything. Need to make the volume louder.
highonhayek 1 year ago
Woods has a rorschach tie
pretorious700 1 year ago
While they can crack down on some to set an example to the rest, they ultimate need your blood to survive.
Mass civil disobedience.
Works every time.
LordDyhalto 1 year ago
"At least the state doesn't have a printing press" - banks create more money than the fed, by far the greatest contributors to the money supply is private lending since each loan creates its own deposit.
dfjpr 1 year ago
@dfjpr you're mixing up cause and effect; the source is the central banking system
NietzscheanMan 1 year ago
@NietzscheanMan Hi man, no, I'm not mixing up. Each loan creates its own deposit, this is the irony here, we're shouting about a central bank printing money, but our system is one that creates money privatemy, central bank only creates base money which is a fraction of the total. pls watch "money as debt" video. Without central bank you wud still get a full credit cycle of inflation followed by deflation, if you allow banks to lend money they don't have, which we do.
dfjpr 1 year ago
@dfjpr Hello. I know what you mean, but this is only possible due to people relying and for the most part only knowing about fiat money which gives the banks license to do this (due to state backing). In a free market environment where each bank is free to print its own currency etc.; this would be much more contained like it was before central banking (and you'd get the return of actual savings banks and such without fractional reserve banking).
NietzscheanMan 1 year ago
@NietzscheanMan hmm... "this would be much more contained", banks often operated up to 9 to 1 lending ratios under gold standard, and money supply contracted 27% from 1931 to 1933. So actually, and this is the irony, I don't think it is more contained, the difference is that nowadays it is only inflation, instead of inflate followed by deflate, both of which harm the population and the business environment. It wud appear that we dont need a fixed base, so much as a stable broad moneysupply.
dfjpr 1 year ago
even the 1870 depression and the 1907 panic demonstrate that the credit cycle was present prior to 1913, a cycle of lending, inflation, then deflation, default and foreclosure on assets that banks never had the money to buy in the 1st place. Private bank money-creation is surely just as legitimate as fed printing, both of which are surely less legitimate than gov create its own money on. behalf of the ppl. So if we argue against fed, we ought to argue for gov control of the Money-supply.
dfjpr 1 year ago
@NietzscheanMan thanks for the response by the way.
dfjpr 1 year ago
"like the nazis against the commies" Tom is right, lets vote Communist so that they fight to promote more responsible government
dfjpr 1 year ago
@dfjpr Your assertion is an excellent idea for the next "Interview with a Zombie" episode.
.
You should look that one up. /watch?v=TrcM5exDxcc
CurtHowland 1 year ago
Swiss Confederation is a positive exemple to follow.
ricsen13 1 year ago 2
@ricsen13 "Swiss Confederation is a positive exemple to follow" - In what aspects, specifically?
TheLegalImmigrant05 1 year ago
@TheLegalImmigrant05 Hello, please watch : /watch?v=ZksnZIRHxLw, have a nice day.
ricsen13 1 year ago
Jeff Tucker is way better than a zombie!
jimlick 1 year ago 2
More Tom Woods videos please! ;)
rumco 1 year ago
There is only one word to describe Tom Woods: incredulous.
kentafan123 1 year ago
The states created the federal government, not the other way around.
mrbabcock100 1 year ago
I hope I can get Woods to speak at my school. is rate is pretty cheap comparably so I'm hopeful.
greenghost2008 1 year ago 2
@greenghost2008 Did you see his presentation at the "Economics for Highschool Students" series?
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Standing ovation. How many history lectures get a standing ovation? In my experience, his makes two. The other was James Burke who presented the Connections series.
CurtHowland 1 year ago 2
Break it down to 4 separate videos. Those of us steeling bandwidth can't pull-off a 38minm video.
Great work BTW
Bttry01 1 year ago
Mises....I love you guys. You enlightened me. Before i came across the Mises Institute I was a simple libertarian, but you guys made me think like I was taught not to. Thanks so much.
reapfreak 1 year ago 40
no zombies?
TotalAnomy 1 year ago 2
@TotalAnomy Not this time... Tom now keeps a micro 12ga with him at all times.
Weapon01 1 year ago
Great interview! I think I'll watch it again in a few days.
AustinW90 1 year ago 2
Live for the dollar, die with it
rayzn11 1 year ago
anarchy ftw
leavesofliberty 1 year ago 18
@leavesofliberty
You will get your chance very soon however you and many others will be in fear. Then the iron boot of tyrannical government will crack down on every thing shortly before being destroyed from outside.
oc5nsli341nforce4 1 year ago
@oc5nsli341nforce4 when that time comes we have to make sure to stop any state attempting to fill that short vacuum of power.
return135 1 year ago 3
@oc5nsli341nforce4 lol the federal government will starve itself in the end. They are cowards. Government is an erroneous proposition based on the idea that socially cooperative people need to be coerced into being socially cooperative people by overlords (which of course, statists claim will be far wiser and far more benevolent that everyone else). If man is incapable of ruling himself (and he isn't) then there are even fewer men able to rule others, exactly 0 men to be precise.
leavesofliberty 1 year ago 3
@leavesofliberty "If men were angels, there would be no need for government." Unfortunately, we are not angels, and anarchy doesn't work - and not just because we can't handle it - people naturally gravitate to some kind of governing body. What we need is to go back to STRICT constitutional principals, and get rid of EXCESSIVE government.
thedemoboy 1 year ago
@thedemoboy I'd have to disagree because human being can be empathetical that is the basis that denies tyranny.
goten1201 1 year ago
@thedemoboy Were men angels, government would not be the most tyrannical and destructive institution ever devised by man.
Mechanized0 1 year ago
@thedemoboy So because men aren't angels, we should give them the opportunity to vote for demons? You are the one that is assuming too much in the nature of man, not I. You should do some research before dismissing the idea out of hat. Oh and by the way, if the Constitution was magically followed tomorrow, what would prevent this nation from turning out just the way it has turned out 100 years later?
leavesofliberty 1 year ago
@leavesofliberty Last point first; nothing would prevent it. Which is what has happened, and why folks like me are fighting to get things back on track. Now to the main point of anarchy not being possible. Where in the world does/has anarchy existed for a lengthy period of time? It doesn't/hasn't. This is basic sociology (see 'power vacuums')
I'm not dismissing the idea "out of hat"; as your idea isn't a new one - and believe it or not, I've thought about it before reading your comment.
thedemoboy 1 year ago
@thedemoboy I shouldn't have to even give an example, as the limited Constitutional government theory, the theory being that we need to outsource all authority to a giant gang, has not worked at all. Holding elections between them hasn't worked either. Somalia is an example of a stateless society that is statistically working over the last nearly 20 years in spite of the UN trying to undermine it with proxy wars from Ethiopia. The internet is another example.
leavesofliberty 1 year ago
@leavesofliberty hell yeah!
jppuertorico85 1 year ago