"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."
Mandeville, LA – Exclusive Transcript – The last caller to the program asked me what I thought the founders, why they opposed or why they afraid of big government. I said to him that to answer that question, you’d have to understand or explain exactly what big government would have meant to them. It did not mean to them what it means to us today, because we see this monstrosity and this excessive abuse of power that unfortunately has become commonplace, it seems, has been accepted by the rank-and-file citizenry out there, and is the great tragedy indeed of the early part of the 21st century, I think. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – The problem is that our wages have not increased. We talk about this every now and then, how inflation has driven the price of everything up. Coffee is more expensive. Bread is more expensive. Eggs and milk are more expensive. Everything costs more and your wages are not going up. Check out today’s transcript for the rest…
Mandeville, LA - Exclusive Transcript - Do we have shortages of petroleum? No. Do we have shortages of new finds of petroleum? No. Do we have less imports? No. Is there something you can put your finger on that makes you say the supply has been interrupted? No. What’s driving this? Ladies and gentlemen, it ought to be obvious to the studious observer that what is driving this and what now necessitates that the price of crude stay at $95 is the dollar itself. Check out today's transcript for the rest...