Gold, Peace, and Prosperity [Part 1]
November 13th, 2009 | by admin |
Professor Floy Lilley reads the first part of Ron Paul’s important monograph, “Gold, Peace, and Prosperity: The Birth of a New Currency.”
Ron Paul has been the leading champion of sound money in Congress. Here he explains why sound money means a new gold standard.
This monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth.
He maps out a plan to bring about a dollar that is as good as gold, one that would be protected against manipulation by government and central bankers.
This monograph first appeared in 1981, and it has been in wide distribution ever since.
Henry Hazlitt writes the introduction, and Murray Rothbard writes the preface.
This audiobook is also available for download in MP3 audio format at http://mises.org/multimedia/mp3/audiobooks/GoldPeaceProsperity.mp3.
Duration : 0:56:42
25 Responses to “Gold, Peace, and Prosperity [Part 1]”
By constablekohler on Nov 13, 2009 | Reply
wow, its taken 28 …
wow, its taken 28 years for his ‘predictions’ to come true. Wasn’t it earlier this week when it was announced that the USD will no longer be the reserve currency?
By marxbitesall on Nov 13, 2009 | Reply
Tad – though the …
Tad – though the same many times myself!
By lewis121701 on Nov 13, 2009 | Reply
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 fractured 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
By cds162 on Nov 13, 2009 | Reply
read Karl Marx… …
read Karl Marx…
‘No Govt at all’
that is the final result of communism!!!
true!!!!!!!!
By cds162 on Nov 13, 2009 | Reply
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
By TadRapidly on Nov 13, 2009 | Reply
This is all very …
This is all very true 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.
By murphycline on Nov 13, 2009 | Reply
Think about what …
Think 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, perhaps even guarantees, downfall.
By marxbitesall on Nov 13, 2009 | Reply
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.
Libertarian or objectivist, who cares – non-statism is what is important. In fact man needs NO govt at all.
By krthomps on Nov 13, 2009 | Reply
Ayn Rand was NOT a …
Ayn Rand was NOT a libertarian. 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 understand WHY it is right. To discover the philosophic basis for individual rights, read Ayn Rand’s works.
By marxbitesall on Nov 13, 2009 | Reply
Do a search on what …
Do a search on what Greenspam said back in 1966 when he was a friend of Libertarian Ayn Rand who published his essay!
He defends gold as being the ONLY way to keep govt from running amuck!!! A people’s freely chosen tool against statism.
By staggerbite on Nov 13, 2009 | Reply
Actually the …
Actually 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 being 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.
By TurboLoveTrain on Nov 13, 2009 | Reply
Greenspan wasn’t …
Greenspan wasn’t always evil.
By gergenheimer on Nov 13, 2009 | Reply
Actually “Money as …
Actually “Money as Debt” reinforces the idea of the need for a currency backed by a hard asset. I’ve watched that excellent 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 allowed money to be created by banks and govt by way of borrowing from the bank. The created money has debt built in from the outset.
By gergenheimer on Nov 13, 2009 | Reply
Actually, the point …
Actually, the point is that BEFORE Greenspan was installed at the Fed, he said (and wrote) that a sound 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.
By monegarand on Nov 13, 2009 | Reply
If someone granted …
If someone granted me the authority to print money, I would print as much as I could. I think most people would do the same, its just human nature. That’s why freedom loving people should not grant the government power to print money.
By slavophile1 on Nov 13, 2009 | Reply
Troll, you haven’t …
Troll, you haven’t debated anything. If you learn civility you will be treated thusly.
By Rickdeckard2020 on Nov 13, 2009 | Reply
“worthless little …
“worthless little and learn some manners”
I see debating in a sane and polite way is your specialty, thanks for displaying what good manners are all about
By slavophile1 on Nov 13, 2009 | Reply
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 little and learn some manners.
By Rickdeckard2020 on Nov 13, 2009 | Reply
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 Market 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.
By CurtHowland on Nov 13, 2009 | Reply
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.
By evoneal on Nov 13, 2009 | Reply
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
By Ariomaniac on Nov 13, 2009 | Reply
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.
Perhaps the empire was already in decline. Debasing the money could therefore be a consequence of such a decline, not its cause.
By slavophile1 on Nov 13, 2009 | Reply
You don’t …
You don’t understand how market works if you don’t understand 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.
By Rickdeckard2020 on Nov 13, 2009 | Reply
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 explain to me what you think (without using a slogan like gold is liberty)
BTW, who’s going to pay for the gold to be used?
By slavophile1 on Nov 13, 2009 | Reply
Gold is more …
Gold is more compatible with liberty.
This is the principle. It is hardly a ‘red herring.’
God forbid anyone should consider an idea that is virtually banned by the current government.
Your statement is a strawman.