"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."
Militia Needs Everything the Standing Military Has Mandeville, LA – Exclusive Transcript – “The Virginia militia, the South Carolina militia, the Georgia militia, the North... Read More
Mandeville, LA – Exclusive Transcript – If we go back to October the 11th, interview given by James Grant of Grant’s Interest Rate Observer, you would have found this posted at the Washington Compost under the headline “Has The United States Ever Defaulted?” Grant’s answer is: Yes, and it’s going to default again; it’s inevitable. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – Anthony Sanders, our friend the economist at George Mason’s Mercatus Center has been blogging about this. I asked him for some charts yesterday and he put charts together. You can find them in today’s Pile of Prep under the headline “Confounded Interest,” what Sanders says about the shutdown. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – Any wage control damages a market because it has an effect on the price mechanism. Wage is part of the price mechanism, too. Your ability as a businessperson to set the wage, this is part of the price mechanism. This is how you arrive at how much to sell the donut for. The labor cost, that goes into the price mechanism. Anytime the government comes in and sets the price, it is altering forever the market economy. It’s going to have unintended consequences. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – In what document, under what rule, under what act of Congress, under what amendment to the Constitution has any president ever acquired the power to “run the economy”? My reading of history, the president doesn’t have the power, shouldn’t have the power, and you shouldn’t want to confer it on him, yet here we are. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – I want to go to the Dude Maker Hotline. I want you to say hello to another good friend, Pasha Roberts, who is the writer, producer, director of the great animated film which is now appearing on DVD and in other great places called Silver Circle. Check out today’s transcript for the rest…
Mandeville, LA – Exclusive Transcript – If you think of yourself as a sow and you’re a major city and you actually had to withdraw yourself from the federal trough and had to pay and manage and take care of your own finances the old-fashioned way, most of this stuff would not happen. Many of the things that occur in major cities would not happen because there would not be the underlying promise there that the federal government is always there with a hand out with programs. Check out today’s transcript for the rest…