"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,...Read More
Mandeville, LA – Exclusive Transcript – Folks, if you’re wondering what he’s talking about, here’s what happens. The borrowing authority is granted by lifting the so-called debt ceiling. Where does the money come from? Do you just print it off? That’s one way that you could do it. What generally happens is the Treasury Department...Read More
Mandeville, LA – Exclusive Transcript – The idea that the great recession has ended and we’re now in some kind of a boom just because all of the funny money that Bernyankme and company are printing is just landing in the laps of brokers on Wall Street, this is by design. Check out today’s transcript...Read More
Mandeville, LA – Exclusive Transcript – That’s what’s so depressing about this. You want to look at this and believe that our almighty federal overlord magical economic masters have this under control and there’s not going to be a drop off, and that roller coaster climb will just continue ad infinitum, on into infinity, never...Read More
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