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nicoleiscoolrawwwwrr (November 30, 1999 at 12:00 am)
END THE FED!!!! RON PAUL 2K12!!!!!!
k2wannab (November 30, 1999 at 12:00 am)
The fact that the Federal Reserve Act was drafted by the fattest of fat cat bankers should be enough for any reasonable person to oppose it.
1123359 (November 30, 1999 at 12:00 am)
Federal reserve is illegal we revolted against England because of their central bank and they took away their freedoms
paydayloansturbo (November 30, 1999 at 12:00 am)
Very informative
TheImmoderator (November 30, 1999 at 12:00 am)
This video has obvious bias.
ashwadhwani (November 30, 1999 at 12:00 am)
pls chk out this hiphop track for RON PAUL 2012 and comment like/dislikewatch?v=L9BtXMy-En0Earlier I had a crappy version of the same and it was doin well, but i deleted it and posted the better version and have no views even though i posted much more places, im workin hard for Paul, so pls if you approve of this message pass it along to hip hop loversRON PAUL 2012
TheBalancedAmerican (November 30, 1999 at 12:00 am)
@MrAdrius194 The difference between "Means of Production" and "Means of Exchange" is not easy to grasp, so I am sympathetic to your perspective. However, the distinction is paramount in understanding monetary frameworks. If you understand the difference, you'd know why gold is not money, it is a product/asset ;)I have studied Austrian theory and Keynesian theory. I think they're both wrong. =)
MrAdrius194 (November 30, 1999 at 12:00 am)
@TheBalancedAmerican Monetary policy has no place in a free society. Also, whose goal are you talking about? The only thing that matters in this case is that there is no new money being created ex nihilo. In order to maintain value/price stability, new money must be created, whether as high powered money by the Fed, or as debt through Fractional Reserve Banking. Either case creates unsustainable bubbles that must fail. You should study Austrian Business Cycle Theory.
TheBalancedAmerican (November 30, 1999 at 12:00 am)
@MrAdrius194 Do not confuse innovation and efficiency with "means of exchange." Money is a representation of a productive unit. In monetary policy, the only thing that really matters is the quantity of money in relation to productive output, not value or price. With inflation, the original productive unit becomes worth less. With deflation, the original productive unit becomes worth more. The goal is to have money be an accurate representation of reality. =) |