Ron Paul Talk at Mises Circle in Houston 1/24/09

[Epic]

Courtesy of Mises Institute

http://mises.org/Controls/Media/MediaPlayer.aspx?Id=3930

[purplechoe]

Thanks, listening now!

[StudentForPaul08]

Thanks, listening now!

Ditto :cool:

[Epic]

All of the talks:

http://mises.org/media.aspx?action=category&ID=132

[JoshLowry]

I was there, it was great. [/brag] :D

They had someone in the front that was video recording, hopefully they come out with that.

[american.swan]

I was hoping my brother would go to this.

[american.swan]

I was there, it was great. [/brag] :D

They had someone in the front that was video recording, hopefully they come out with that.

How many people were there??

[JoshLowry]

Maybe 225 - 275? It was completely packed though. They will need a bigger venue next year.

[american.swan]

He's getting invitations to Hong Kong, Italy, and Turkey!!! WOW!!! GREAT!!!

RON PAUL....GO GO GO GO!!! Take CNN or the BBC with you!!! GO GO GO.

(Peter Schiff IS going to Saudi Arabia soon)

[Chieftain1776]

Yeah just started listening....such an AWESOME and AMAZING quote by Elihu Root (http://en.wikipedia.org/wiki/Elihu_Root) on the Federal Reserve in 1913(!):

"Little by little, business is enlarged with easy money. With the exhaustless reservoir of the Government of the United States furnishing easy money, the sales increase, the businesses enlarge, more new enterprises are started, the spirit of optimism pervades the community.

"Bankers are not free from it," Mr. Root went on. "They are human. The members of the Federal Reserve board will not be free of it. They are human....Everyone is making money. Everyone is growing rich. It goes up and up, the margin between costs and sales continually growing smaller as a result of the operation of inevitable laws, until finally someone whose judgment was bad, someone whose capacity for business was small, breaks; and as he falls he hits the next brick in the row, and then another, and then another, and down comes the whole structure.

"That, sir," Mr. Root concluded, "is no dream. That is the history of every movement of inflation since the world's business began, and it is the history of many a period in our own country. That is what happened to greater or less degree before the panic of 1837, of 1857, of 1873, of 1893 and of 1907. The precise formula which the students of economic movements have evolved to describe the reason for the crash following the universal process is that when credit exceeds the legitimate demands of the country the currency becomes suspected and gold leaves the country."

http://online.wsj.com/article/SB122973431525523215.html

William Leggett's quote is better and it's from 1837! Couldn't find the exact quote but found a library of his work: http://www.econlib.org/library/Leggett/lgtDE3.html

[Conza88]

All of the talks:

http://mises.org/media.aspx?action=category&ID=132

lol great more stuff to listen to. :D

[powerofreason]

Thanks I forgot about this!

[powerofreason]

I loved listening to Lew Rockwell as well.

"...converting back to sound money is a 19th century ideal that presupposes an enlightened class of political managers. This condition is not met today."

[ShannonOBrien]

This is so encouraging! I think we can do this thing.