This is Paul in his finest. I wish there were more videos where his youth bolstered his spirit. His age now proves his conviction, but, here, his youth gives flare to his debating points.
I still have my End the Fed bumper sticker from 2009 on my car, and I voted for Ron Paul in my Republican caucus in 2012, which was a hopeless cause in my state, but I am proud of it as a vote of conscience.
11:22 - Dr. Paul's discussion on morality in connection with fiat currency - I have been looking for this passage for years. Was a very influential bit for me. As an economics major back in the day this concept really opened my eyes. Glad this speech is still alive on the internet.
Paul has been saying the same things for so many years that I'm sure hes tired of it so that's why hes not as fired up now as he used to be. Kind of like Metallica playing Enter Sandman today compared to 1991 when it was first released.
Ron Paul mentioned SDR at 11:36. SDR stands for special drawing rights. These would be an international currency. Read up on SDR and you will be astounded how Ron Paul knew in 1983 about the path of monetary theory.
what i find remarkable, respectable, and believable is that his ideas and facts are consistent and true over time. much easier to support and believe than the political speech of politicians from day to day, which seems to hold little water over time.
Well, Partee, uh, 35 years later, and our, uh, yearly deficit has multiplied by, uh, 5, from 220 billion to Over 1 Trillion. We definitely have not been disciplined. If you have credit available and somehow managed to spend past your budget, you're using credit (the Fed) and diluting the purchasing power of our earned money.
perhaps you should go on....one of the first and worst economic depressions occurred after President Jackson vetoed a bill to establish a central bank as Alexander Hamilton urged. This veto lead to a lack of available funding in the market and thus rampant inflation and the inability for anyone to purchase land, the chief production of wealth in the 19th century
Here is your explanation: It is explained by a simple question. In the process of answering it yourself I think you'll start to see why. How many presidential candidate debates on TV have you seen involving third party candidates? Answer that. Ron Paul ran for president as Libertarian before too. So, he did try otherwise. He is closer to the original republican party than the modern version. Most people decide who they are going to vote for based on what they see on TV. Very sad.
@hoodoo961 The Austrians have not merely predicted a monetary crisis. They have predicted that irresponsible monetary policy will lead to a financial crisis. It is the misguided government/central bank response to that financial crisis that could lead to a monetary crisis.
because thats what ron paul kept referring to or thats how he addressed the issue, " a terribly disastrous idea." just joking but dr. paul using the same phrases in a funny way. love that guy.
nechee makes no sense. Austrians saw the financial bubble (your words) but missed the housing bubble? As if they're part of the same event? Check out Peter Schiff if you think the housing crises was missed by Austrians. Austrians identified the bubble and explained the steps that it would unfold. Some even predicted the governments response and have predicted the fallout from that action is bound to happen.
Yes, I understand he does not have a lot of admirers here, but that is why I quote him, to provide an alternate view to the monotonous ignorance so rampantly displayed.
No, the point is that Austrians claim to have predicted this crisis, when in fact they predicted a monetary crisis, not a housing crisis or a problem with the shadow banking system. They just squawked disaster about the monetary system, and then saw a financial crisis and jumped on it as a source of vindication for their fringe views. A lot of this confusion stems from not understanding the words "monetary" from "financial."
@@hexahexametermeter Woah. I'm in the past and in the future? heheh. Could be just my lack of attention speaking, but I've not seen anything worth mentioning he's done.
This pro-Fed guy is the worst public speaker I have ever heard. Holy christ mustard is he awful. "AHHHHH...sentence" "UHHHHHH...sentence AHHHHHHH UHHHHH" Unbelieveably annoying especially after a smooth and cogent Dr. Paul.
its easy to like these ideas, but the gold standard puts power in the hands of the corporations that print paper money. Imagine going to bank and find out that the bank failed because it issued too much money based on its gold reserves. Its called a bank run.
yes, fractional reserves don't work. So we shouldn't have them. Simply making deposits not available on demand all the time, if they are used for lending, eliminates all bank runs immediatly. Sure, credit would be tighter. Doesn't matter, growth would be slower AND more sustainable and boom/bust cycle would be eliminated too.
Money is a medium of indirect exchange, it does not matter how much of it there is. Prices expressed in money adjust to its volume. Partee is an ignorant statist.
@mattbaldea ahhh in this country EVERYTHING. duh you need to get with the program son. ALthough i do agree with you about age having to do with anything, this is how america works, unfortunately
@vincentca2004 that would be deflationary and actually create unemployment from hoarding of money. Thats a terrible economic policy, capitalism needs credit to run. Why would anyone buy stock.
Keynes wasn't an economist. Read Hayek. Prior to his arrogant, physics envious, clumsily titled "General Theory of Employment, Interest, and Money" Keynes also said something true; that inflation is a hidden tax. Gold is market money. It stops currency crisis because it curbs monetary interventionism.
Here is the problem I have will what Paul says. Whenever he starts to talk about the gold standard, he starts of economically, then instantly delves into a weird moral discussion totally not related to economics.
This is Paul in his finest. I wish there were more videos where his youth bolstered his spirit.
His age now proves his conviction, but, here, his youth gives flare to his debating points.
I still have my End the Fed bumper sticker from 2009 on my car, and I voted for Ron Paul in my Republican caucus in 2012, which was a hopeless cause in my state, but I am proud of it as a vote of conscience.
Legalize the Constitution Ron Paul revolution.
Gold supply Vs. Paper supply.. well worth watching this. This should go viral.
11:22 - Dr. Paul's discussion on morality in connection with fiat currency - I have been looking for this passage for years. Was a very influential bit for me. As an economics major back in the day this concept really opened my eyes. Glad this speech is still alive on the internet.
Who’s here to see how Ron paul looked like when he was young ❤️.. Very Smart Man .. Great Speech
Paul has been saying the same things for so many years that I'm sure hes tired of it so that's why hes not as fired up now as he used to be. Kind of like Metallica playing Enter Sandman today compared to 1991 when it was first released.
seek and destroy is a better example.
This level of intelligence is sorely lacking in today's politicians...
Its making its rounds thats for sure
The 🐐 of economics spitting like a mf at 13:37
Thank You For Posting This.
I am becoming a big fan of Ron Paul, 2012
hard to believe this was only 12 years after the usa abandoned the gold standard.
I was watching this when UA-cam went down on 10-16-18
37 years later and were in full blown depression did Ron Paul achieve anything but wake a few of us up?
Take it as a personal mission to at least reach 10 more people, you most def will tell 1000 ears. In time, Liberty could be restored.
38:01
I love Ron Paul.
Intelligence. Those were the days.
Young Ron Paul 👍🏻
I wonder where we'd be today if Ron Paul had been elected as President in 1988.
Prescient opening remarks by Mr Paul
Ron Paul, a world Hero!
Glad I found this video
Ron Paul and Gary Johnson 2012. ;)
@whoo689 - Murray Rothbard also has one, "The Case Against the Fed" and Ron Paul wrote "End the Fed"......should be required reading :)
Ron Paul mentioned SDR at 11:36. SDR stands for special drawing rights. These would be an international currency. Read up on SDR and you will be astounded how Ron Paul knew in 1983 about the path of monetary theory.
Wow, young Ron Paul looks so... ...young.
And this financial crisis and recession will be footnotes in that history.
what i find remarkable, respectable, and believable is that his ideas and facts are consistent and true over time. much easier to support and believe than the political speech of politicians from day to day, which seems to hold little water over time.
Well, Partee, uh, 35 years later, and our, uh, yearly deficit has multiplied by, uh, 5, from 220 billion to Over 1 Trillion. We definitely have not been disciplined. If you have credit available and somehow managed to spend past your budget, you're using credit (the Fed) and diluting the purchasing power of our earned money.
I love how the responsibility responses in the comment section are years apart.
Has anyone counted the number of times Mr. Partee says the word "uh" ?
🤣 to many. Every time he says “uh” the Feds print another $100 billion.
@thefredsays You can still have loans with a 100% reserve bank. Also hoarding of money won't effect the overall economy.
perhaps you should go on....one of the first and worst economic depressions occurred after President Jackson vetoed a bill to establish a central bank as Alexander Hamilton urged. This veto lead to a lack of available funding in the market and thus rampant inflation and the inability for anyone to purchase land, the chief production of wealth in the 19th century
Obviously some people didn't get the Rand reference.
Here is your explanation:
It is explained by a simple question. In the process of answering it yourself I think you'll start to see why.
How many presidential candidate debates on TV have you seen involving third party candidates?
Answer that.
Ron Paul ran for president as Libertarian before too. So, he did try otherwise. He is closer to the original republican party than the modern version.
Most people decide who they are going to vote for based on what they see on TV. Very sad.
#Gold & #Bitcoin & #Silver to the 🌕 baby💪🏽 Sound Money > Fiat Currency
when he says "expands" over time is he talking about physical quantity?
Unfortunately for the USA, Ron Paul wasn't selected as President
@hoodoo961 The Austrians have not merely predicted a monetary crisis. They have predicted that irresponsible monetary policy will lead to a financial crisis. It is the misguided government/central bank response to that financial crisis that could lead to a monetary crisis.
@MIT2004 what does age have to do with it
Ben Bernanke disliked this video.
Intense video.
Gold is money everything else is credit
If Charles says "uh" one more time I'm going to lose my freaking mind!!! I don't think I'll make it all the way through his speaking section. . .
because thats what ron paul kept referring to or thats how he addressed the issue, " a terribly disastrous idea."
just joking but dr. paul using the same phrases in a funny way. love that guy.
I believe Rand Paul is going to run for a senate seat for Kentucky.
nechee makes no sense. Austrians saw the financial bubble (your words) but missed the housing bubble? As if they're part of the same event? Check out Peter Schiff if you think the housing crises was missed by Austrians. Austrians identified the bubble and explained the steps that it would unfold. Some even predicted the governments response and have predicted the fallout from that action is bound to happen.
Yes, I understand he does not have a lot of admirers here, but that is why I quote him, to provide an alternate view to the monotonous ignorance so rampantly displayed.
Dr Paul's comments are even more pertenant today.
Live Free or DIE HARD
No, the point is that Austrians claim to have predicted this crisis, when in fact they predicted a monetary crisis, not a housing crisis or a problem with the shadow banking system. They just squawked disaster about the monetary system, and then saw a financial crisis and jumped on it as a source of vindication for their fringe views. A lot of this confusion stems from not understanding the words "monetary" from "financial."
His son Rand is quite a good speaker, hopefully he'll get involved in politics. There's some youtube videos of him.
Hello person from the past. Didn't quite work so well so far, don't you agree?
@@Tenebrousable Hello person from the past. Rand Paul is Senator. Working out great.
@@hexahexametermeter Woah. I'm in the past and in the future? heheh. Could be just my lack of attention speaking, but I've not seen anything worth mentioning he's done.
I miss the 80s (sigh)
This pro-Fed guy is the worst public speaker I have ever heard. Holy christ mustard is he awful. "AHHHHH...sentence" "UHHHHHH...sentence AHHHHHHH UHHHHH" Unbelieveably annoying especially after a smooth and cogent Dr. Paul.
He's nervous because he represents the fed
You would be correct!
its easy to like these ideas, but the gold standard puts power in the hands of the corporations that print paper money. Imagine going to bank and find out that the bank failed because it issued too much money based on its gold reserves. Its called a bank run.
yes, fractional reserves don't work. So we shouldn't have them. Simply making deposits not available on demand all the time, if they are used for lending, eliminates all bank runs immediatly. Sure, credit would be tighter. Doesn't matter, growth would be slower AND more sustainable and boom/bust cycle would be eliminated too.
look into ron paul's affiliation with those organizations.
well he doesn't have any original thoughts but he knows whose ideas are the best, right?
A terribly, disastrous idea.
Ron Paul
Gold Standard isn't the answer: /watch?v=uMz_tm5NGsE We want the govt to issue non debt backed currency. END THE FED!
Sounds like Bill Still's idea.
Uh...uh...uh...UHH! Charles is painful to listen to.
Money is a medium of indirect exchange, it does not matter how much of it there is. Prices expressed in money adjust to its volume. Partee is an ignorant statist.
Well we can see Charles path led us to our own demise
@mattbaldea ahhh in this country EVERYTHING. duh you need to get with the program son. ALthough i do agree with you about age having to do with anything, this is how america works, unfortunately
@vincentca2004 that would be deflationary and actually create unemployment from hoarding of money. Thats a terrible economic policy, capitalism needs credit to run. Why would anyone buy stock.
ron paul wants to usher in a new guilded age. Money supply out of control.
ha ha ha
Speaking of bubbles. But okay.
uhh and UHHHH N UHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
wow...
ahhhh
uhhhh
auhhhhhhh
Well said Eric.
@hoodoo961 Economics without morality is evil. :P
@comp7878 - Drunk after 5 minutes !
Charles the snake oil salesman of the establishment
Keynes wasn't an economist. Read Hayek. Prior to his arrogant, physics envious, clumsily titled "General Theory of Employment, Interest, and Money" Keynes also said something true; that inflation is a hidden tax. Gold is market money. It stops currency crisis because it curbs monetary interventionism.
Here is the problem I have will what Paul says. Whenever he starts to talk about the gold standard, he starts of economically, then instantly delves into a weird moral discussion totally not related to economics.