The Fed

"When you think about the current Fannie Mae-Freddie Mac crisis, you must remember Mises's theory of intervention."

The early 1920 was the last time laissez-faire ideas were used to help the nation recover from a depression.

Government and its henchmen are anxious to relegate into oblivion the fact that this rise is produced by an increase in the amount of money and money substitutes. They never mention this increase.

In 2007, this popular documentary was translated and reproduced into Russian by the Institute for Dissemination of Information on Social and Economic Science

What is the right response to a recession? The first rule must be to do no harm.

"There is no aspect of the free-market economy that has suffered more scorn and contempt from 'modern' economists, whether frankly statist Keynesians or allegedly 'free market' Chicagoites, than has gold."

If Congress wants to end speculation, then I would suggest beginning with the deal makers at the Federal Reserve.

Ron Paul is well aware of the limited value of the Constitution: it is a far from ideal arrangement. Nevertheless, it remains the fundamental law of the United States and, if interpreted correctly, provides an excellent means to check the depredations of a government that violates its provisions.

The only way out of this scenario is to reestablish the gold standard.

To avoid such economic crises and such unjustifiable redistribution of income from the many to the few, one has to end the legal interference that has created the present system.