UNCC College Republicans

http://video.google.com/videoplay?docid=-6810377229300638640&q=ron+paul&hl=en

Here is a video of Congressman Ron Paul (R-TX) talking about the patriot act and various other things. For those of you who may not know, Ron Paul is, in my opinion, the best member of Congress.

Here is a link to his Congressional website: http://www.house.gov/paul/

Congressman Paul is the only libertarian Republican in the House, or the entire Congress for that matter.

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"Under capitalism everybody is the architect of his own fortune." - Ludwig von Mises

gold standard. boooooooo!

Fiat money. Boooo! Constant inflation. Boooo! Floating exchange rates. Boooo!   ;)

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"Under capitalism everybody is the architect of his own fortune." - Ludwig von Mises

Gold standard. Booo! Loss of economic control over policy, Recessionary bias, Depressions, and inflation and deflation is under control of world production and gold mining.  Boooo! :)

Loss of income and retirement savings, government control over the economy, nonstop debt, out of control spending, long-term economic disaster through the depreciation of the dollar, and money with no real value. Boooooooooooooooooooooooooo!!!

;p

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"Under capitalism everybody is the architect of his own fortune." - Ludwig von Mises

smoothing out business cycles, no depressions, long term prosperity.  Go for fiat!!!!!!!!!!  The main reason for the gold standard is to control long term inflation but as delong points out its bad logic "if you do not trust a central bank to keep inflation low, why should you trust it to remain on the gold standard for generations?"

What if you don't trust a central bank at all?

A gold standard also helps keep the balance of payments between countries in equilibrium. It wasn't the gold standard that failed; it was government. The central bank - aka the Federal Reserve - and its  various stages of loose and tight monetary policies is the cause of recession/depression.

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"Under capitalism everybody is the architect of his own fortune." - Ludwig von Mises

ngshore:

What if you don't trust a central bank at all?

A gold standard also helps keep the balance of payments between countries in equilibrium. It wasn't the gold standard that failed; it was government. The central bank - aka the Federal Reserve - and its  various stages of loose and tight monetary policies is the cause of recession/depression.

Read Barry J. Eichengreen, Golden Fetters.  It tells of how the gold standard helped lead to the depression and how countires that abanoned the gold standard were able to escape the great depression or suffer less from it. 

   Okay. Likewise, I would ask that you read What Has Government Done to Our Money? by Murray Rothbard, along with his book about the causes of the great depression, Americas Great Depression.

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"Under capitalism everybody is the architect of his own fortune." - Ludwig von Mises

I would but it's written by an Austiran.:) 

Let us just agree to disagree.

nm

ngshore:

Loss of income and retirement savings, government control over the economy, nonstop debt, out of control spending, long-term economic disaster through the depreciation of the dollar, and money with no real value. Boooooooooooooooooooooooooo!!!

;p

Gold doesn't have any 'real' value either.

Try again.

To the contrary, individuals value gold, thus deriving it's value. It's a basic economic object that gets its value through personal utility and perceived scarcity. As the old joke goes, government is the only institution that can take a perfectly good piece of paper, print some ink on it, and make it totally worthless.

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"Under capitalism everybody is the architect of his own fortune." - Ludwig von Mises

ngshore:

To the contrary, individuals value gold, thus deriving it's value. It's a basic economic object that gets its value through personal utility and perceived scarcity. As the old joke goes, government is the only institution that can take a perfectly good piece of paper, print some ink on it, and make it totally worthless.

In other words, its value is based on exactly the same principles as fiat money.

LOL.

No. There is no real value for fiat money outside of a medium of exchange. Gold is grounded in the value it had before it was used as a medium of exchange. Fiat money has no pre-existing price upon which to ground demand. Money with real value has demand for its actual commodity use, or direct use, built on top of its use/demand as a medium of exchange. Real money, simply, is a commodity.

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"Under capitalism everybody is the architect of his own fortune." - Ludwig von Mises