"In 1971 it happened, and that’s when I started speaking out [about the Fed.] Really nobody listened. There were a lot of seeds planted about sound money, especially by Murray and others, and Mises. They talked about this. There was no audience out there. I would go to campuses, when I first went into Congress, and I would get 20 or 30 people come out and maybe convert one or two."
"There are a couple of ways you can think about the national legislature’s debt. One of the ways I suggest you think about it is that this is future pain. That’s what it is, future pain, future misery, and future tyranny. If there is an actual effort to pay the debt or to honor the commitments that make up part of the $222 trillion debt, that would then require a confiscation of private wealth and private property that today seems incomprehensible."
Mandeville, LA – Exclusive Transcript – Now you and I can talk about preserving my Financial Sanity in Three Easy Lessons, your new book. David Simpson, whom many of you know, he’s been on the show many times, he’s provided financial counsel to me in the past. What are the three easy lessons? Check out today’s transcript for the rest…