What Has Government Done to Our Money? [Chapter 2]

[THUBRICH]

the world would be much more peacefull without money, just look at animals they dont have a government or money and they live just fine. money is just paper that makes a person due something because their being payed that money, if that person was not going to be payed that money theres a 50-70% chance he/she would do that job, the world just sickens me.

[TombaFanatic]

Money isn't about being peaceful, it's about being efficient and prosperous. Animals aren't peaceful, they kill, mame, infect, and eat each other all the time. Often they will starve to death because they can't find food. I'm not saying mankind would revert to that without money, but to say we'll be peaceful is stupid. We've found reasons to kill each other sense the dawn of time.

[August1977]

Prices are relative to demand and competition

[buzzclick500]

Government has done to our money what WE have allowed it to do. Money is to be coined from gold and silver. That's American national law. Anything different that's happening is OUR fault.

[buzzclick500]

It's funny that I never really complained much about the quality of t.v., though some of it was annoying; now I have the Internet for a small fee--anything I want to watch at any time, perfectly clear screen, a broad spectrum of information, anything.

[andrewclunn]

I am definitely subscribing to this channel. between this and the Dawkins channel, maybe evolution and economics will finally convince people of the power of emergence over design and regulation.

[JETZcorp]

Exactly what I've been thinking. No one seems to realize the power of emergence in the world around us. Not only is it the best way to view economics, but it's been sweeping the engineering world as well, as engineers realize that machines can be "evolved" virtually.

[murderface74]

Something about this bores the fuck out of me.

[imrichyournot]

thumbs up. these people get so obsessed with the dumbest thing.

[NassimHarameinVedas]

@murderface74 . . . It is understandable . . . Sir Murray N. Rothbard clearly doesn't make any mention of ass, bling, or booty at nearly the required minimum of intervals to maintain the lowest common denominators attention.

[fergus247]

i wish i was a good animator. I would make a cartoon for this whole book. Great upload thx mises

[fergus247]

mises institute :>

[abe2517]

oknbjiuhvcgy,

You'd be surprised how many people need an elementary school education on money, economics, accounting, personal finance, and general civices. Considering what is taught in most schools, a free JC lecture on this stuff is incredibly valuable..

[a123a456a123a456a]

blah blah blah blah blah, nothing that is really insightfull

[nurbSoldier]

Sorry this isn't as simple to watch as the Lion King.

[LetFreedomRlng]

a great documentary can be found at:

TheMoneyMasters(dot)com

[markos741]

Continued: So money is a commodity only if we agree that this is the case. Other ancient civilizations did not want to put interest on loans (thus make money out of money) because they thought it was unethical, not because they were ancient and failed to see moeny as a commodity.

Plus, since there were not inflation in ancient societies, interest was not necessary.

I think that these facts should be mentioned in a serious study on money.

[NUMBER4940]

government does not want people to know they are getting royally raped. there will never be such a study. most people are too trusting and ignorant to ask questions to even come near the level they need to be for the world to change.

[markos741]

A lot biased. For example, when he talks about ancient Greece, he mentions that cattle were used as money. He fails to inform that there were coins called drachmas in ancient Greece, much like the ones we use today.

Secondly he says that money is a commodity and that was not the case in ancient times. Again he fails to say that in ancient Greece they understood and forbid that. Aristotle thought, making money out of money as usury and this was punished sometimes by death.

Should he mention it?

[NUMBER4940]

there is a limited supply of gold. that is why it is irrelevant. paper money is fiat money because it can be printed to make the value go down. while more is in circulation, government rakes in more tax dollars and saves it. then deflation occurs, and that money is worth more. inflation and deflation benefit the government and its select chosen few while the majority of people get screwed.

[JessicaBelle81]

Since when has the gov't ever "saved" money? lol

[victor2cutube]

what he means is if the government in 1970 borrowed $1 million at 3% for 30 yrs.. with inflation in 10 yrs what had cost $1 million now cost $3 million, in 20 yrs $4 million and in 30 yrs $5 million.. it would be better for the government to be paying off the debt with the inflated / devalued money since it now collects $5 for every $1 in 1970

[JessicaBelle81]

I understood that part. But the gov't doesn't "save" money. They inflate so they can spend more money.

[victor2cutube]

it's the fractional reserve system of banking and the FED that devalues the money. with FIAT money that has no real value. since the creation of the Federal Reserve bank the value of US money has continued to decrease due to the huge supply of money being created from nothing. here is a good video to explain the money system:

watch?v=vVkFb26u9g8

[JessicaBelle81]

Yes I know this. I've read many of Rothbards books as well as this one. The Gov't still never "saves" money. They just spend it and expand gov't.

[qcmar]

@JessicaBelle81 no its actually the FED that controls the way our money comes and goes ..the USA nor its government nor people control it... they owned the world ...just search history of money and the way central national banks are created

[manoman0]

@JessicaBelle81 - They probably think talking about saving money is as good as saving it. =D

[1ToNJaB]

Gold is like the worlds Gift-Card...?

[maysie0]

this is so boring.. his voice sounds so dull..

[kingofmilwaukee]

where the hell is part 1?

[MetaMorphy]

He is right. Now, we have fraud (counterfeit) and government abuse.

[MannaBoBannaPeople]

WHY? Because America does not practice TRUTH and Justice but jewish talmudic lies... One gets what one sows. If We actually practiced Gods holy Laws, this would never have happened - it's 100% antiChrist, yes indeed not Christian... the bible is clear people, ye shall not steal = Fiat Money, and Usury, wake-up and follow Gods Laws, if this is done, the world will change for the better... Christians need to get on their knees and ask God to mend their hearts and allow them to truly follow him.

[TatalVost]

The Bible also sais "do not lie", yet the Bible is itself the most popular lie ever told.

[FarBeyondTheSun]

Umm I'm gonna have to go with thumbs down. While the teachings of Christ might be good groundwork to live your life by, the church is not. The church is a corrupt institution just like government. The church is the unnecessary mediator between man and God. God is simply the infinite bond between all things.

[Rothbardserbe]

In German: Murray Newton Rothbard "Das Schein-Geld-System"

[marxbitesall]

Murray Rothbard is the epitome of liberty defending Americanism, the MOST unsung hero of freedom in all history.

The smug lying establishment has shunned and ignored Murray his whole life, much like Elia Kazan, director of Streetcar Named Desire & On the Waterfront, who Hollywood shunned for naming commie names.

Murray names totalitarians in history and criminals in Govt beaucoup.

See his "Wall Street, Banks & American Foreign Policy" for the well researched behind the curtain truths.

[marxbitesall]

Unapportioned taxation is unequal taxation w/o representation. Different rates for diff levels of income is not equal treatment under the law. W/o the Fed's illegal unconstitutional interest on every dollar created from thin air is usury and fradulent but govt sanctioned counterfeiting in every respect. In fact the falsity of it is WORSE than crooks counterfeiting money, for the crooks don't pretend to be anything but crooks.

[kulza23]

Taxation is theft. It is criminal, regardless of whether it is apportioned or unapportioned.

[libertyeconomics]

Murray Rothbard is God

[nibelungensohn]

Keynes sucks.

Rothbard rules.

[LibertarianViewer]

search for "Why be a Democrat"?

for the greatest video EVER!!!!

[pyrrho314]

an ounce of "pure gold"... that's not different from one ounce of USDA Grade A Beef... GOLD is not uniform, only "pure" gold... and btw, it will not be pure, there is always trace elements, so you have to define "pure" as ... 95% or 98% or 99.9999% or SOMETHING.

[carlosjhr64]

Seems to me that this analysis applies to fiat money,too. Except that fiat money is fronted by taxes. I value my property more than the yearly property tax I pay on it, and thus I in turn exchange my goods and services for this tax money and I get to keep my home. Yea, I think that makes sense.