"What is Money?" with Joseph T. Salerno -- Ron Paul Money Lecture Series, Pt 1/3
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Uploaded by CongressmanRonPaul on Oct 20, 2011
Rep. Ron Paul sponsored this Congressional lecture on "What is Money?", part one of 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. Joseph T. Salerno, Ph.D., delivered the lecture. He is academic vice president of the Mises Institute, professor of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.
Pt. 2: "What is Constitutional Money?" http://www.youtube.com/watch?v=k6gMkKmQSW4
Pt. 3 "What About Money Causes Economic Crises?" -- http://www.youtube.com/watch?v=npJ0CUT8d_Y
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So boring, this is fifth grade stuff.
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Hmm, lecture turning out to be very similar to what Karl Marx wrote in the first chapters of Capital. Science ftw.
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@runningchance You have to work on your humor, while the first part wasn't so great, the punch-line was funny as hell.
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@carcabe Agreed. "Progressive" = March toward ever increasing serfdom & dependance on the Globalist "puppet masters' and their crony political class puppets.
Progressives are the "useful idiots" that Marx spoke of.
Replacing Money with Debt Currency was their greatest victory to enslave us all.
Watch: "Statism's Assembly Line" here on youtube.
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@yakyakyak69 Progressive means progressively more control, progressively more regulations, progressively more laws, progressively more government, progressively more bureaucrats and bureaucracy, progressively more politics into every aspect of our lives, progressively less freedom, progressively less prosperity, progressively less life, progressively less happiness. Progressive means they progressively move toward totalitarianism. It never ends.
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Damn - some of this questions are so unchallenging...
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And You seem to not understand, or know, what is the difference between delfation caused by fiat money contraction and falling prices caused by increasing productivity under commodity money. You may be just as smart as I am and go to:
tomwoods(dot)com / inflation
:D
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@gdmellott Well. It was fiat wasn't it? When the Hitler etc.? So what's your point - we should use gold and silver again?
There is no pathologic accumulation of wealth in gold standard. Wealth goes to those, who are most effective in benefitting others by producing and providing what is needed. This process is always reversable. If wealthy person stops working and producing he will start to use ones gold and becomes poorer. Any questions?
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No. Money doesn't represent "benefit generated" , money represents value. Start again :D
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@SuperSneakySteve hot girls are for RON PAUL!!
Problem? *troll face*
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a mature society should be self-deterministic!
AlbertoVeronese 2 months ago 4
Ron Paul: "I advocate for COMPETING currencies."
Let the market (individual traders) decide on which commodity of exchange to use. "Backed by the full faith and credit of the U.S. government." I.e. Isn't worth the paper it's printed on. Already printed? Not soft enough for toilet paper.
05121784 2 months ago 2