13 responses to “Ron Paul on Money, Banking and the Crisis (1988)”

  1. Ron Paul, on FOX News, Compares Social Security and Medicare to Slavery - Page 9 - Political Forum

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  2. dujac

    ron paul said, “I anticipate, and many Austrian free market economists anticipate, that the recession that’s coming will not be a recession at all but it will a depression and it will probably be bigger than the one we had in the 1930s”

    what happened? we haven’t had a depression in nearly 80 years

    »crosslinked«

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  3. Simon

    The American need to be liberated and governed from Washington instead of Tel Aviv.

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  4. Brent

    I think it’s the Council on Foreign Relations, not the Council of Formulation. Please correct me if I’m wrong, but if I’m correct, please correct in the article, because it is very important for people to get accurate information about this.

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    1. Shirley

      In looking at the video I really think Dr. Paul says “Council on Foreign Relations”, so it must be a transcription error or typo, which does need to be corrected. Dr. Paul is too smart to a blunder like that.

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  5. Plundit

    End the FED!!!!!!!!!

    I wish the American people would wake up to the monster that is the Fed and the banksters in this country that really run the show.

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  6. Ross Johnson

    Free trade is only good for the preditors at the top end of the food chain.We should replace the term with fair trade,ie all countries should be able to balance imports with exports without any penalities.Don’t households balance budgets anymore? That’s right,we now have an insatiable monster called the credit card.It has become the god of consumerism.

    What is the point of being able to consume the cheapest products on the planet at the cost of imprisonment by debt? Many Chinese products are so inferior anyway,that they need replacing within a third of time of quality German or US products.Short term thinking and hedonistic lifestyles have enslaved the West.

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    1. Matthew Stone

      It’s hard to listen to people that don’t strive to simply learn to spell, nonetheless use a spellchecker, tell me about their determinations of the ramifications on behavioral economics.

      It’s like me calling you the wrong name, then telling you how your family totally needs to step up, do you really care about my opinion then?

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      1. the801

        Matthew, I think you wanted “much less,” rather than “nonetheless,” “ramifications of” rather than “ramifications on,” and to replace a few of your commas with more suitable punctuation.

        Regardless, though yours may not have contributed anything to the conversation, it was a comment nonetheless.

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  7. Sean

    American School of Economics..

    “1. protecting industry through selective high tariffs (especially 1861–1932) and some include through subsidies (especially 1932–70)
    2. government investments in infrastructure creating targeted internal improvements (especially in transportation)
    3. a national bank with policies that promote the growth of productive enterprises.[8][9][10][11]

    It is a capitalist economic school based on the Hamiltonian economic program.[12] The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.

    The American School’s key elements were promoted by John Q. Adams and his National Republican Party, Henry Clay and the Whig Party, and Abraham Lincoln through the early Republican Party which embraced, implemented, and maintained this economic system.[13]

    During its American System period the United States grew into the largest economy in the world with the highest standard of living, surpassing the British Empire by the 1880s.” wiki

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  8. Sean

    I dont know why you have to follow Austrian School, or why our country has to follow Kenyesian economics.. We should be sticking with our founding fathers and promote American School (economics). Free trade has destroyed our trade deficit and is bankrupting America.

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  9. Gus

    This video is nothing short of amazing. It’s as if Ron Paul had precognitive powers, but in reality it just boils down to common sense and the courage to call it as he sees it. Much of what he talked about back then has now entered mainstream awareness and discussion. We can only hope that we learn the right lessons out of this mess.

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    1. Matthew Stone

      He totally has precognition!

      A joke:

      Question: “Since when does an Austrian economist always call for the failure of everything within the context of the most capitalistic society?”

      Answer: “When they ignore business cycles and just want to use people to get reelected.”

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