Ron Paul Loves Mises to Pieces

Presidential hopeful Ron Paul gives his best speeches before friendly audiences and oftentimes articulates his positions extremely well, IMO. The Mises Institute of Austrian Economics is dedicated to the promotion of free-market economics.

Here is a link to Ron Paul's recent speech before the Mises Institute.

Ron Paul Paul speaks to the Mises Institute

The strength of a nation relies on its currency. Ron Paul speaks about the tie-in between foreign policy, the welfare/warfare state, personal liberty with the national currency. He says the Constitution wasn't perfect, but we were just beginning to see the benefits of a government based on liberty at the end of the 19th Century. People seem to think his ideas are archaic, old-fashioned, but the truth is freedom as national policy is still very young in the context of world history. It's totalitarianism that is old and archaic. Do not be fooled by the rhetoric of those who dismiss Dr. Paul's message of liberty. They are the one's who are becoming increasingly out of touch with what humanity really wants.

Austrian Economics

The link here points to a .pdf document that introduces the science of Austrian Economics. In some interviews, presidential contender Ron Paul has expressed preference for the Austrian economic model.

Here's the article: Understanding Austrian Economics

In a nutshell value is what two people agree upon at the moment of trade.

Another thing I found interesting is that no-one invented money. It began as a traded commodity and over time emerged as the medium of choice.

The language is somewhat academic, but not out of reach. It serves as a guide for understanding a model for free markets.

$$ What They Didn't Teach You In School $$

Do you remember when your Dad would tell you, 'So you think money is something that grows on trees?"

Now you can answer back, "No, it comes from an I.O.U. and the I.O.U. comes out of thin air."

Watch this video. It takes 47 minutes, but it'll tell you more in that 47 minutes than you would have learned in 20 years.

Money As Debt

It's time for the dumbing down to stop! We live in a society that isn't governed by the rule of law. It's controlled by the rule of money changers.