Austrian Monetary Economics | Pascal Salin

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama. Includes introductions by Lew Rockwell, Burton S. Blumert, and Gary Schlarbaum, and the presentation of the 2008 Schlarbaum Award for Lifetime Achievement in Liberty to Pascal Salin.

Category:

News & Politics

Tags:

• Pascal
• Salin
• Schlarbaum
• Award
• Ludwig
• von
• Mises
• Institute
• Austrian
• Economics
• Gold
• Standard
• Money
• Freedom
• Property
• Peace

[harryogre]

BTW, that great voice-over intro is Dr. Floy Lilley

She reads a bunch of the free audio books available at mises (dot) org

Thanks Dr. Lilly, for your work.

[r3dredwine]

No one listens to them even though they've been right about everything

[Mofostrobujo]

If men were angels, there'd be no need for capitalism.

[MisterHerr]

Is he German?

[thomaserossi]

Chomsky is a communist crank who retreats into relativism whenever his position is untenable.

[rsobies]

"Free market capitalism is a fucking joke(look at the majority of the 3rd World)" the problem is that there is no free market at all in 3rd word. most people think if a country is not comunist then there must be free market. this you can call a joke.

[tcarr89]

Yeah it is called hierarchy and it is present in capitalism as well as government. Government is a shitty thing but like Adam Smith said himself so is capitalism unless "men were angels". Free market capitalism is a fucking joke(look at the majority of the 3rd World). Business already owns the government anyways wtf does it matter. It would just mean less paperwork for the Ceo's and easier exploitation of people and resources if there were no government in place.

[SpykerSpeed]

Government would only work if men were angels! Who in their right mind would give a monopoly on the initiation of violence to a single group of individuals? That's lunacy!

[KraljevicPavle]

If men were angels? Isn't the entire point that they persue profit and self-interest?

I don't trust anyone who tries to help me, but at least you know what to watch out for when a businessman tries to deal with you.

[tcarr89]

freaking Lunatics, I think someone needs to read Adam Smith again when he clearly states PURE CAPITALISM WOULD ONLY WORK IF MEN WERE ANGELS. Chomsky has stuff on this. I'm sure a gold standard would help inflation but absence of government would only increase the corruption that takes between big business that happens all the time without government intervention. The bureaucracy of the government and corporations/"Free enterprise" aren't a different as these people think.

[Invirtuo]

man he's perfectly clear!!

[ianclivewright]

Well I don't know about "always", always is a very very long time, but I know what you mean.