Ron Paul on Fox Business News


Ron Paul gives his take on the bailout to rescue the collapsing global financial markets. 9/24/08digg it!
http://...







Channel: News
Uploaded: September 24, 2008 at 8:01 pm
Author: fagan411

Length: 00:09:56
Rating: 4.95
Views: 105664

Tags: economics bretton mises woods reserve money inflation keynesian Ron bailout Austrian federal depression Revolution Paul fiat devaluation dollar

Embed Code:


Video Comments:
ttpmvo (December 1, 2008 at 9:34 pm)
money is not backed by anything thing its legal tendertherefore its worthless paper the goverment keeps making to control the public

end of story
LUEcifer (November 30, 2008 at 4:23 pm)
You're basically telling me what I've been saying all along. Of course commodity backed currency experiences periods of inflation/deflation, but the value can fluctuate in either direction. The trust system we have now will ALWAYS devalue our dollar. 700 billion dollar bailout anyone?
origen01 (November 30, 2008 at 11:01 am)
Inflation is caused simply by an increase in money supply. A commodity backed currency is not exempt as it is also subject to increases in supply (e.g. Gold Rushes). They do indeed protect against govt. overspending and hyperinflation--but as I brought up in a an earlier post economies frequently face deflationary periods when the supply of the commodity dries up.
origen01 (November 30, 2008 at 10:41 am)
God. you really took me to school on the "overvalue"/"overpriced" statement i made. i apologize for such a foolish statement. i wish youtube had a delete button for comments sometimes cause this really makes me look bad.

1