RON PAUL - H.R. 4248 FREE COMPETITiON OF CURRENCY ACT
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It's called individual liberty.It's very hard for some of you to understand.
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As soon as he said 'it will restrain the spending of this Congress', I knew the bill was doomed. He's too honest, he should have saved that little tidbit for later.
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Bumps from Canada.... keep it up RP...
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"money is a legal institution whose value represents net economic output"
not really. Money is just a medium of exchange. Money original arose out of barter. The most marketable commodity for use in exchange became money. Usually stuff that had relatively high value per unit weight, durability, divisibility, was relatively scarce, and wasn't changing too quickly in value so that it could act as a store of value and unit of account.
Smith was wrong on some stuff.
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@jeepndesert ok
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@Plum369 bill still is right. ron paul is a pnac and rockefeller foundation neo-feudalist, paraded on television for a reason.
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@stealthswimmer read wealth of nations by adam smith to understand why you don't want "free market" currency. adam smith still got the definition of money wrong. aristotle and plato had it right. money is a legal institution whose value represents net economic output. you can't control the quantity to prevent inflation and deflation with a "free market" in money.
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the government still has decide what currency they accept for taxation, effectively fiat. bill still is the real deal. ron paul is just another layer of the new world order onion.
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ron paul is a neocon "libertarian" who was funded to promote the gold fraud or the "free market" act of currency with pnac (ludwig von mises, hayek, and rothbard were also funded by the rockefeller foundation), which is no better than our current system, only worse, because inflation and deflation is more volatile and monetary expansion is still stolen from the public by the banks.
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any amount of increase in competition would be good. Ideal? Not necessarily.
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Stunning, Go Ron, you seem to have some extra energy from somewhere, the last two speeches have been excellent !
Iain1962 2 years ago 6
How does one eat an elephant? One bite at a time.
End the Fed, even if it has to be done in bites.
edj1963 2 years ago 4