Gold, Peace, and Prosperity [Part 1]
Professor Floy Lilley reads thе initially раrt οf Ron Paul’s vital monograph, “Gold, Concord, аnd Prosperity: Thе Birth οf a Nеw Currency.”
Ron Paul hаѕ bееn thе chief champion οf signal money іn Congress. Here hе сlаrіfіеѕ whу signal money means a nеw gold standard.
Thіѕ monograph іѕ written іn thе clearest possible terms wіth thе goal οf explaining thе basics οf paper money аnd іtѕ effects οf inflation, business cycles, аnd government growth.
Hе maps out a рlοt tο bring аbουt a dollar thаt іѕ аѕ ехсеllеnt аѕ gold, one thаt wουld bе protected against manipulation bу government аnd central bankers.
Thіѕ monograph initially appeared іn 1981, аnd іt hаѕ bееn іn wide distribution еνеr ѕіnсе.
Henry Hazlitt writes thе introduction, аnd Murray Rothbard writes thе preface.
Thіѕ audiobook іѕ аlѕο available fοr download іn MP3 audio format аt http://mises.org/multimedia/mp3/audiobooks/GoldPeaceProsperity.mp3.
Duration : 0:56:42
November 13th, 2009 at 8:13 am
wow, its taken 28 …
wow, its taken 28 years for his ‘predictions’ to come right. Wasn’t it earlier this week when it was announced that the USD will no longer be the reserve currency?
November 13th, 2009 at 8:13 am
Tad – even if the …
Tad – even if the same many times myself!
November 13th, 2009 at 8:13 am
That is exactly to …
That is exactly to all the world empires of the past Egypt, Babylon,Greece and Rome a debasement of currency. This is nothing new with broke banking this dates back all the way to the tower of Babel so all the so called economic genius like the Rothschildes , Rockefeller’s , JP Morgan’s the world has been there done that and got a T-Shirt and the system will fall I hope I’m not around when it happens because it will be called the dark ages part 2
November 13th, 2009 at 8:13 am
read Karl Marx… …
read Karl Marx…
‘No Govt at all’
that is the final result of communism!!!
right!!!!!!!!
November 13th, 2009 at 8:13 am
he wasn’t???
when …
he wasn’t???
when was he Not evil…
he expaned the money supply and caused most of the economical problems we are having right now
November 13th, 2009 at 8:13 am
This is all very …
This is all very right and inspiring. The problem is that the lifespan of our fiat currency has been adequate enough for our government to build a military infrastructure so enormous that it will squelch any opposition to it’s will. We have literally funded the means for our own destruction through our labor.
November 13th, 2009 at 8:13 am
Reflect about what …
Reflect about what might have caused the Byzantines and the Romans to have felt the need to debase their currency and you’ll see the connection. Military expansion/overstretched defense plus welfare/ bread and circuses required debasement of the currency. Debasement of the currency brings about inflation, which causes socio-economic dislocation. Having a currency that the government can debase encourages, I don’t know even guarantees, downfall.
November 13th, 2009 at 8:13 am
The proven worth I …
The proven worth I care about is individual freedom – 100% self ownership as described in the Declaration as unalienable and the impetus w/Common Sense for expelling Crown rule.
The Constitution, as fine as it was, was more a Hamiltonian minority mercantilist over-reaching secretive switch for the bait of the Declaration’s freedoms it disserves.
Democratic or objectivist, who cares – non-statism is what is vital. In fact man needs NO govt at all.
November 13th, 2009 at 8:13 am
Ayn Rand was NOT a …
Ayn Rand was NOT a democratic. I strongly urge you to learn the difference between Libertarianism and Ayn Rand’s philosophy of Objectivism. It is not enough to prove the worth of capitalism pragmatically, you must know WHY it is right. To learn the philosophic basis for individual rights, read Ayn Rand’s works.
November 13th, 2009 at 8:13 am
Do a search on what …
Do a search on what Greenspam said back in 1966 when he was a friend of Democratic Ayn Rand who published his essay!
He defends gold as life the ONLY way to keep govt from running amuck!!! A people’s freely chosen tool against statism.
November 13th, 2009 at 8:13 am
Really the …
Really the problem is that the government doesn’t print the money and instead has a private institution to do it for them. What Ron Paul is suggesting is for the government to control it and instead of life based on a fractional reserved system. He wonts it to be based on a gold standard to keep the dollar from losing its purchasing power.
November 13th, 2009 at 8:13 am
Greenspan wasn’t …
Greenspan wasn’t always evil.
November 13th, 2009 at 8:13 am
Really “Money as …
Really “Money as Debt” reinforces the thought of the need for a currency backed by a hard asset. I’ve watched that brilliant movie several times, you should watch it again, too. The point is made very clearly that it was the severing the link of our money to gold (through the fractional reserve system, then the complete abandonment of the gold standard) that allowable money to be made by banks and govt by way of borrowing from the bank. The made money has debt built in from the outset.
November 13th, 2009 at 8:13 am
Really, the point …
Really, the point is that BEFORE Greenspan was installed at the Fed, he said (and wrote) that a signal currency backed by hard assets is the only way to maintain the value of the money and protect people’s wealth/savings. After he was at the Fed he changed his tune completely.
November 13th, 2009 at 8:13 am
If someone granted …
If someone granted me the authority to print money, I would print as much as I could. I reflect most people would do the same, its just human scenery. That’s why freedom loving people should not grant the government power to print money.
November 13th, 2009 at 8:13 am
Troll, you haven’t …
Troll, you haven’t debated anything. If you learn civility you will be treated thusly.
November 13th, 2009 at 8:13 am
“worthless small …
“worthless small and learn some manners”
I see debating in a sane and polite way is your specialty, thanks for showing what excellent manners are all about
November 13th, 2009 at 8:13 am
What do you want? …
What do you want? No one is going to click on your retarded link. There are lots of options for currency: gold standard, pegged, floating, etc., each has advantages and disadvantages yet you know it all. Go back to your hole you worthless small and learn some manners.
November 13th, 2009 at 8:13 am
Greenspan? you must …
Greenspan? you must be kidding me right?
1993 the head of the house banking commity proposed these changes to the fed
1- Independant Audit of the Feds Operations
2- Taped meetings of the Open Promote Commity
3- Presidential appointments of all regional bank heads
and Greenspan resisted and lobbied against the changes. Quoting Greenspan is like quoting the Fox on how the henhouse should be protected.
November 13th, 2009 at 8:13 am
Also the western …
Also the western Roman empire.
The problem with denying monetary cause and effect is that you have to then deny all the times it’s been correctly identified throughout history.
November 13th, 2009 at 8:13 am
what are you …
what are you talking about, i watched the video and it is a bunch of quotes that isnt evidence for anything. that video is by the same person who posted ‘freedom to facism’ which is full of lies and distortions
November 13th, 2009 at 8:13 am
We hear a lot of …
We hear a lot of cause and effect: the Byzantine empire fell BECAUSE it debased it’s currency. That’s a fallacy that in no means implies that debasing the currency was the cause of the decline of an empire.
I don’t know the empire was already in decline. Debasing the money could therefore be a consequence of such a decline, not its cause.
November 13th, 2009 at 8:13 am
You don’t …
You don’t know how promote works if you don’t know where gold will ‘come from.’
Read Allan Greenspan’s 1966 paper “Gold and Economic Freedom,” and then come back to me.
You are trying to promote the point of view which you subscribe to. A few guidelines in logic and congeniality will go along way in helping you achieve that goal, my friend.
November 13th, 2009 at 8:13 am
i knew id get that, …
i knew id get that, please when you have a few minutes watch the whole video im refering to and THEN clarify to me what you reflect (without using a slogan like gold is liberty)
BTW, who’s going to pay for the gold to be used?
November 13th, 2009 at 8:13 am
Gold is more …
Gold is more well-matched with liberty.
This is the principle. It is hardly a ‘red herring.’
God forbid anyone should consider an thought that is virtually banned by the current government.
Your statement is a strawman.