Gold versus Discretion: Ron Paul Debates Charles Partee

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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  News & Politics

[Josh Hanson]

The Austrians have not merely predicted a monetary crisis. They have predicted that irresponsible monetary policy will lead to a financial crisis. It is the misguided government/central bank response to that financial crisis that could lead to a monetary crisis.

[Patrick Bidwell]

Thank You For Posting This.

I am becoming a big fan of Ron Paul, 2012

[Szygyify]

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered." Thomas Jefferson 3rd President of the United States 1802-1809 A.D.

[Szygyify]

The choice of the money we use in exchange is not something that needs to be established and fixed by government. Legal tender laws, bailout guarantees, tax-backed deposit insurance, and the entire apparatus that sustains national monetary systems is wrong and immoral. Government monopoly on money production and management has no ethical or economic grounding at all.

[PrivateAckbar]

Keynes wasn't an economist. Read Hayek. Prior to his arrogant, physics envious, clumsily titled "General Theory of Employment, Interest, and Money" Keynes also said something true; that inflation is a hidden tax. Gold is market money. It stops currency crisis because it curbs monetary interventionism.

[Excedrine]

Ron Paul and Gary Johnson 2012. ;)

[chachee15]

Paul has been saying the same things for so many years that I'm sure hes tired of it so that's why hes not as fired up now as he used to be. Kind of like Metallica playing Enter Sandman today compared to 1991 when it was first released.

[bob733333]

ha ha ha

[Bravesfan4500]

Huh!!!!!!!!!! Gold standard Huhhhhhhhhhhhhhhhh. Printing money out of thin air Huhhhhhhhhhhhh.

[SelmerAce]

Obviously some people didn't get the Rand reference.

[slawdify]

If only RP could have got this kind of time during the presidential primary debates.

[awholtzapple]

Ben Bernanke disliked this video.