"What About Money Causes Economic Crises?" with Peter Schiff - Ron Paul Money Lecture Series, Pt 3/3

Rep. Ron Paul sponsored this Congressional lecture on "What About Money Causes Economic Crises?", the concluding lecture in a three part series on the basic principles of money for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Peter Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to Profit From the Coming Economic Collapse and How an Economy Grows and Why It Crashes. Mr. Schiff explains the fact that the interest rate is a price and that manipulation of that price results in real changes to the capital structure and structure of production within the economy, causing imbalances, booms, and eventually busts in the economy. His lecture also explores how government intervention through labor and employment policies results in diminished employment and an overall reduction in the standard of living.

Previous videos in this lecture series can be found here:

Pt. 1: "What is Money?" -- http://www.youtube.com/watch?v=vowbrq_g5NM
Pt. 2: "What Is Constitutional Money?" -- http://www.youtube.com/watch?v=k6gMkKmQSW4

Category:

News & Politics

Tags:

• sound
• money
• constitutional
• gold
• silver
• standard
• dollar
• cent
• mil
• Federal
• Reserve
• Fed
• System
• Bernanke
• Congress
• economics
• hyperinflation
• inflation
• economy
• lecture
• series
• Peter
• Schiff
• Euro
• Pacific
• EuroPacific
• Crash
• Proof
• Irwin
• monetary
• policy
• congressional
• FOMC
• was
• right
• Occupy
• Wall
• Street
• 1%
• 99%
• interest
• rates
• employment
• unemployment
• boom
• and
• bust
• recession
• depression
• central
• bank
• jobs

[rudemood2011]

I find the lady introducing Peter very very easy on the eyes

[gweb214]

great video

[poorandimmature]

@arao1337 If we can put aside the constitution for a moment- I think we can all agree that the lady introducing Peter is easy on the eyes, easy on the ears, and presumably to the rest of the senses as well.

[JSBselvas]

@rudemood2011 yea, she's got a lot going for her.

[arao1337]

@rudemood2011 she's also very very easy on the ears

[Drummond1783]

This is probably the best seminar on how money and credit impact the business cycle. I have to listen to this often for a good dose of sanity.. Especially after having to listen to the Keynesian morons in my economics lectures.

[vasya128]

Going back to the "Gold Standard" cannot technically prevent us from breaking it again and again, going back is not gonna work.

The real solution is the technology of Bitcoin, you can't really break the math!

Thumbs up if you know what I'm talking about.

[GracieJujitsu1]

@benallen12 He has his own radio show so he has a lot of experience talking and says the same things every day. Still very impressive.

[Salsien]

yeah schiff $500 million dollar yachts are "tools" and "investments".....roflmao

[lilbromarky1]

@rudemood2011 Peter probably took her out to dinner but then she found that he couldnt stop talking, so the date didnt go so well :)