This debate on the Gold Standard features Congressman Ron Paul and Charles Partee, member of the Federal Reserve Board of Governors. Presented at the Mises Institute's first conference, November 16...
This debate on the Gold Standard features Congressman Ron Paul and Charles Partee, member of the Federal Reserve Board of Governors. Presented at the Mises Institute's first conference, November 16-17, 1983: The Gold Standard, An Austrian Perspective.
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Ron Paul mentioned SDR at 11:36. SDR stands for special drawing rights. These would be an international currency. Read up on SDR and you will be astounded how Ron Paul knew in 1983 about the path of monetary theory.
what i find remarkable, respectable, and believable is that his ideas and facts are consistent and true over time. much easier to support and believe than the political speech of politicians from day to day, which seems to hold little water over time.
if you increase production and/or population and not the money supply, money increases in value, which is good for people you fucking idiot. It allows us to buy more domestically and abroad. fuck this guy he should be scrubbing the toilets at the fed.
cuz he's a tool. he must think that if we have central banking that it has to be good. the same type of cognition that kept people believing in witchcraft, leeching, and kings.
no shit there was a paradigm shift and special interest backlash to kill his administration and install a probank puppet. the money and land market was manipulated to benefit, speculators, much like stock today, which was the biggest wealth generator recently b4 the dollar tanked after deindustrialization. there was no money because all the notes issued by the previous central bank were worthless because there was not as much gold as notes to redeemed......so go on
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Whos Ron Paul?