The Fed

Recorded at the Toronto Stock Exchange; September 16-17, 1999.

Recorded at the Toronto Stock Exchange; September 16-17, 1999.

"As long as our central government has the ability to dole out these favors, there will be special interests lining up to receive them."

I feel confident in claiming that the housing boom would not have occurred if money and banking had been left in the hands of the private sector, as opposed to the state-organized cartel that we currently "enjoy."

We should not be afraid of deflation. We should love it as much as our liberties.

Recorded at Jekyll Island, Georgia; May 1992.

Recorded at Jekyll Island, Georgia; May 1992.

Recorded at Jekyll Island, Georgia; May 1992.

Recorded at Jekyll Island, Georgia; May 1992. 

What is amazing about America circa 2008 is not the citizens' money illusion — history has seen that aplenty — but the utter lack of resistance to it.