Ron Paul on The Young Turks 3/26/09 1 of 2

Ron Paul discusses what a true free market is and why it would work. He also discusses the Federal Reserve and it's affect on the fake free market.

Category:

News & Politics

Tags:

• ron paul
• cenk uger
• the young turks
• liberal
• conservative
• federal reserve
• economy
• free market
• inflation
• bailout
• bonuses
• ceo
• corporation
• big government
• marc faber
• peter schiff
• max keiseriat money

[Kevin17761984]

They just don't seem to get it. I hope Ron Paul will change more minds.

[jharmon05]

With our help he is steadily changing minds. Spread the word.

[thegrimlin93]

Ron Paul 2012.

[LogSNES]

Cenk is such a douchebag

[baigandine]

OK a 100% reserve requirement would solve it. Doesn't Ron Paul realize that's a ginormous regulation?

[Chaaarge]

will we ever be able to create a truly free society? Everything governments do these days are moving closer and closer to a fascist society. Over there in the usa you got government interfering in the free market, the drug war etc... Over here in europe we got the EU which I think is bs! And they're getting more and more control over countries every day! It makes me sad :(

[TheWALOS]

@AtlasHBS

Also, you aren't actually addressing the core of my argument; nothing in nature has OBJECTIVE value. Regardless of what any species needs or desires, what they need or desire has no OBJECTIVE value in nature.  There is nothing about a chestnut that automatically gives it a certain worth, value, or meaning, just as there's nothing about the human brain that automatically gives it worth, value, or meaning, and so on. Value, worth, and meaning have to be assigned subjectively.

[TheWALOS]

@AtlasHBS

meaning

noun

1 what is meant by a word, text, concept, or action

Yes, some species communicate and operate with intention and purpose, but not all life does. Some life forms simply operate due to directives they have no control over and aren't even aware of. Hell, most species aren't even aware of anything. But still, humans are the only species known to exist that can understand the fact that they're conveying meaning when they doing something meaningful.

[TheWALOS]

@AtlasHBS

I can mostly agree with you, but;

value

noun

1 the regard that something is held to deserve

Micro-organisms cannot hold value in anything, but they have an evolutionary directive to behave in a fashion that will accrue enough of what they need to survive. I don't think they have the capacity to establish value.

worth

adjective

1 equivalent in value to the sum or item specified

I think this only applies to life capable of critically analyzing their need/desire for a resource.

[AtlasHBS]

@TheWALOS Value Worth and Meaning are real. All lifeforms have things they value, not just humans. A deer values salt and grain, raccoons and birds value shiny objects, a mother Grizzly bear will give her LIFE to defend her cubs, Elephants mourn their dead (life has meaning) primates will give food in exchange for sex.

These ideas are NOT unique to human beings, they are only exaggerated and vividly expressed in our culture.

All food has value on this planet, all tools have value too.

[TheWALOS]

@AtlasHBS

Actually, in Canada our money has two different serial numbers on both sides; each side is worth half of the value of the whole bill. If you tear a twenty in half, it's pretty much two tens, but I know what you're saying. Even still, I hold that things have no innate, intrinsic, or default value in nature. Value, worth, and meaning ONLY ever come from humans. If humans didn't exist, these things would have no worth, value, or meaning.

[AtlasHBS]

@TheWALOS You have made a mistake again. Money is not money because of "scarcity". Gold is used as money because people want it. But if people stop wanting it, then it is still there, it still exists, and it will wait until somebody else wants it again. If we used soybeans instead of gold the same thing would apply. Soybeans are real, and so is gold. Dollars are not, they are imaginary. Take a dollar and cut it in half, it is now worthless, it is NOT worth 50 cents.

[TheWALOS]

@AtlasHBS

There are a lot more electrons available than there are ounces of gold, so we can agree that electrons are far more useful than ounces of gold in terms of a medium for exchange. There's more to go around and scarcity is hardly an issue. Also, I'll stand by my first claim; there is nothing intrinsic in gold that gives it value, worth, or meaning. Only what we assign to gold or money with our minds gives it it's value, worth, or meaning.