A Pro-Free-Market Program for Economic Recovery | George Reisman

Presented by George Reisman at the Mises Circle in Newport Beach, California; 14 November 2009. Sponsored by Louis E. Carabini. Includes an introduction and closing remarks by Douglas E. French.

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  News & Politics

[Rico8458]

it was government involvement in themarkets that created the collapse

[ForTehNguyen]

US basically declared bankruptcy in 1971 when it said it would refuse to abide by the Brenten Woods agreement and redeem gold. That was essentially declaring bankruptcy, but in a nice way.

[AlphaColumbia]

George Reisman is an Objecttivist and was a very friend of Ayn Rand and Leonard Peikoff

[MRSketch09]

Yeah, I definitely have not grasped as much as I have wanted to, so I'm still learning.

[Sm3rti]

You confuse matters. With respect to the Bretton Woods it were not the US citizens who were allowed to redeem money for gold but only the central banks of the member states (in this context also notice the triffin dilemma). You don't seem to have grasped the operation of a real gold standard system so far. Of course the government has no chance to inflate the money supply, since the people would choke off any attempt to do so by simply redeeming their dollars.

[TorontoLibertarian]

I like how they start out a speech on capitalism by advertising the books and tapes for sale.

Noice.

Just keepin it real.

[Nyarmith]

Dope talk, yo. I love these austrian explanations because they're far from that coercive pablum on da TV, dawg.

[Rico8458]

of the four Tigers: korea, taiwan, hong kong, singapore, only korea is doing better today with their car manufacturing of hyundai and kia to the usa.

[M0rbidlyObese]

wow, what a breath of fresh air, its amazing how the austrian view of economics can explain so clearly and consisely the problems of the global financial system.

[MRSketch09]

I agree.

Well, they say the fish rots from the head, as the old saying goes.

I think its actually a two pronged move.

Politicians and Public.

I believe starting in the schools with the kids is the way to really change the country.

[MRSketch09]

@Vid

I was thinking about this 'gold standard'.

Reisman talks about how it would "reign" in governments ability to print money out of thin air.

We had a gold standard before, and they separated the two. Didn't stop them then, wouldn't stop them now. The man is a fool to believe so.

OF course I actually do support what he's saying... Its a great idea. I wish my fiat money would quit being devalued. I wish I could save with no fear.

Politicians have an addiction to spending money.