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"What About Money Causes Economic Crises?" with Peter Schiff - Ron Paul Money Lecture Series, Pt 3/3

http://www.youtube.com/watch?v=npJ0CUT8d_Y

Rep. Ron Paul sponsored this Congressional lecture on "What About Money Causes Economic Crises?", the concluding lecture in a three part series on the basic principles of money for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Peter Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to Profit From the Coming Economic Collapse and How an Economy Grows and Why It Crashes. Mr. Schiff explains the fact that the interest rate is a price and that manipulation of that price results in real changes to the capital structure and structure of production within the economy, causing imbalances, booms, and eventually busts in the economy. His lecture also explores how government intervention through labor and employment policies results in diminished employment and an overall reduction in the standard of living.

Previous videos in this lecture series can be found here:

Pt. 1: "What is Money?" -- http://www.youtube.com/watch?v=vowbrq_g5NM
Pt. 2: "What Is Constitutional Money?" -- http://www.youtube.com/watch?v=k6gMkKmQSW4

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Cyril's picture

BUMP once again. Well, yes.

BUMP once again.

Well, yes.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Always appreciate those bumps.

:)

Pandas can't drive.

Cyril's picture

BUMP. A must watch.

BUMP.

A must watch. An outstanding no nonsense lecture by Peter.

Nail, 'glad you can meet Hammer.

Share far and wide around you.

I'm glad to finally notice this post.

Thank you Chris.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Thanks

for posting. Great lecture.

Schiff knows his stuff...

Which is probably why Ron Paul invited him to give this lecture...

...

Pandas can't drive.

great

video