LewRockwell.com Podcast #1 - Ripped Off

[ronpaulvoter]

Your comments about Harding were absolutely correct. Many of our very best Presidents were the ones who did the least.

[ronpaulvoter]

Thanks, Lew, for the podcasts. I hope a lot of people listen to them.

Is there any way they can be broadcast on commercial radio -- or TV?

[kRAZYCanuck22]

since the money supply is a floating money supply(not backed by gold) i do not understand how if you print more money then the value of it is decreased(its not backed by anything how can its value decrease?)

[Nielsio]

The value of all the money remains the same, but the portion that each individual has is redistributed. It's like you have 50% and I have 50%, then someone else starts counterfeiting and suddenly we all three have 33%. It's when counterfeited money gets into circulation when everybody else gets shafted.

[kRAZYCanuck22]

oh so money is still backed by gold........but they keep printing more money that is not backed by gold so the value of your money keeps decreasing........right?

[Nielsio]

No, the money is not backed by anything. It's called fiat money.

Do a google search for 'Money, Banking and the Federal Reserve', by misesmedia.

[BWF89]

Thanks for posting this onto YouTube. I'd rather listen to it on here than on the official site.

[threebobs]

Thanks for starting a podcast! LRC needed to do this long ago. Articles are going the way of the dodo.

Better late than never :)

[mesler1]

Great stuff, thank you!!!

[Macno76]

Thank you very much!

Bavarians4RonPaul

[lukeev]

Thanks for the up.