Ron Paul Debates Federal Reserve Governor 1983 [Part 2]

An excerpt of Congressman Ron Paul debating Charles Partee, member of the Federal Reserve Board of Governors, at the 1983 Capital Hill Gold Standard Conference in Washington, DC, hosted by the Ludwig von Mises Institute.

Ludwig von Mises Institute:
http://www.mises.org/

Ron Paul
http://www.ronpaul2008.com/

Category:

News & Politics

Tags:

• Ron
• Paul
• Federal
• Reserve
• currency
• money
• changers
• gold
• banking
• inflation
• debt
• order

[Naej27]

Ron Paul THE GREAT TRUTH TELLER! You won't hear the truth out of other Candidates. They are for Government Corruption, NWO,CFR,Police State, our freedom, and everything taken away from us we worked so hard for!

[neworleansrocks]

His message has not changed. His integrity has not changed. His ethics have not changed. He has only grown older and wiser.

[MyITRcom]

Ron Paul, the definition of what it means to be an American.

[Bloodstryke]

@pjblabla You don'tneed to"grow credit"as yousaid.Creditcomes fromexisting resources whichcould begold orany otherasset that hasvalue such asyour car orhouse.With100%reserve goldstandardany loanwould takeexisting gold orother assetand use itas collateralfor creatingcredit.Aswealth iscreated a fixedamount ofgold(ex 1 oz)would beable to purchasemore goodsand services over timeassuming more wealth is beingadded to the worldeconomy asopposed tobeing destroyed.Gold isflexible in it's monetaryvalue.

[Stunatra]

This speech should be seen by every American.

[LiveFreeOrDieNow]

Ron Paul -- keeping it real since '83.

[theoriginalanomaly]

RP study under Mises. And they have a youtube channel

/user/misesmedia . Also a website mises (dot) org. You'll start to pick up on it all sooner then you think. I would recommend understanding Fractional Reserve Banking clearly also. Explanations are everywhere on you tube... The video series titled Zeitgeist has a good series on it. Hons Herman Hoppe is one of my favourite. Walter Block is fun. Rothbard. Just do some searches on youtube for MISES Fractional Reserve Banking, and the names.

[ikbjwd]

That's a great explanation by you. I agree with everything RP says about capital and economy but still have trouble understanding the technicality of Austrian economics. Any good resource you can recommend that explains this in layman's terms?

[Soulrazr]

I meant to comment pjblabla, didnt know you were quoting him.

[Soulrazr]

They can do that but they would have to eventually create an industrial base or something to invest that money in. Gold and oil supplies do not last forever. They would need another viable way to trade and grow.

[Soulrazr]

agree with ball4thegame. Growth is created from savings and capital. America needs to make things again, we need a strong industrial base not a printing press that prints out millions of dollars that is backed by nothing.

Do you remember a thing called layaway? They are bringing that back to stores, their is not enough credit to go around anymore, everybody owes someone money so their is no easy credit.