Division Of Labor and Money (by Hans-Hermann Hoppe) - Introduction to Austrian Economics, 3of11

Find the whole series here: http://vforvoluntary.com/austrian-economics

Recorded September 2005, Klampenborg - Denmark.

Courtesy of Copenhagen Institute and Liberator.
http://coin.dk/
http://liberator.dk/

Download podcasts of this lecture series:
1 to 6 -- http://www.mediafire.com/?5r261ir33f1jo0f
7 to 11 -- http://www.mediafire.com/?jf51brw5qqwpr1i

Hans-Hermann Hoppe
http://en.wikipedia.org/wiki/Hans-Hermann_Hoppe

Ludwig von Mises Institute
http://mises.org/

FULL EDIT AND POSTING PERMISSION GRANTED BY LIBERATOR.DK - 3/15/10

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[79tman]

Sorry, I had to refresh,,, this is a great lecture

[davyjames]

Thanks for uploading Nielsio. Hoppe rocks

[DieTheDeath]

@d34thblo0m amazing. you have managed to misinterpret my statement completely, and apparently get an opposite meaning out of it. though perhaps it was not written simple enough for you to understand. i'll try to simplify it for you.

the person asked "what if one person has all the gold?" and i said "then something other than gold will be used as currency, unless a government/power makes it illegal to do so." get it now?

[sultanchamp]

Great lecture!

[d34thblo0m]

@DieTheDeath Your not making any sense haha... Why would you need government to develop a gold standard? Why would any other currency have to be made illegal? You should read up on the US's gold standard and the development of FIAT money. You obviously have no knowledge of monetary history.

[TYDiMaria]

Thanks 

[phroto13]

just started the lecture... i am, uhh, very excited so to say

[DieTheDeath]

@charronfamilyconnect

People would just use a different form of money if there was no gold, or if one person had it all... Who is to establish this "gold standard"? A dictator or absolute power only can (government). Using anything other than gold as currency would be required to be illegal for it to even matter who has gold and in what amounts. Otherwise I will use whatever I have as currency. So when you say "gold standard" you seem to be implying "non-gold currency illegality"

[79tman]

The video does not play after 6 minutes and 51 seconds,

[hiphopsocnroc]

great post...great lecture..thanks..

[charronfamilyconnect]

here is an extreme question as I am not sold yet on 100% gold standard: What if the majority of the worlds gold is held by one person and all the gold of the world has been mined by the same person. What incentive do they have to lend out gold when they potentially risk losing it to defaulters? Can I get an intelligent practical(not theoretical)answer to this question? Thanks!