Author: Ron Paul Publisher: Mises Institute Audio Original

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Ron Paul: Mises Institute Lectures by Ron Paul

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Introduction to 'Liberty Defined'


Tue, Apr 26, 2011

The audio version of the Mises Daily article for April 26, 2011. [14:39]

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A blast against central banking this powerful hasn't been seen since the 19th century. The Fed itself has never been subjected to such a whithering critique. And it is from a man who has been fighting the Fed his entire political career. in fact, several chapters here provide documentary evidence of Congressman Paul's own verbal exchanges with Chairman Greenspan and Chairman Bernanke.

What is especially impressive here is that Paul's book goes far beyond old-time populist attacks on the banking elites. He understands Austrian theory as well as anyone, and he has learned from Mises and the whole of his tradition. So here we find patient explanation of the workings of the Fed and how it has distorted the legitimate business of banking, through every manner of intervention.

The political analysis in here is sound but expected. The theoretical analysis is the robust part, and something that few politicians in U.S. history could have provided. In this sense, Ron Paul is unique: courage in public service combined with intellectual rigor. This combination has made him a machine in opposition to the Fed, and this is by far his best presentation of the subject.

It turns up the heat on the Fed as never before. He shows that the central bank bears a large responsibility for the creation of the Leviathan state. It has wrecked our money, funded ghastly wars, and made possible the creation of the social welfare state that is bankrupting us financially and making the population dependent on the state. It has given rise to economic crisis and turmoil of all sorts.

Paul also offers a realistic plan for abolishing the Fed, if not immediately then with incremental steps to reduce its power and eliminate its dominance in American economic life.

Paul wrote this book as a personal statement. But it serves two additional purposes. It educates. And it inspires toward effective action.

Revised Pocket Edition! The second edition of Gold, Peace, and Prosperity is just 4.25" x .4" x 7 " in size. Truly portable and available at volume discounts. The book has been newly type set and all images updated. This is the perfect handout for education of the gold standard.

The book is a quick read that covers the whole history of monetary destruction, providing information that most people have never heard or thought about. In that sense, it is the perfect conversation starter, and it could inspire more reading and activism for sound money.

We produced this beautiful edition for the broadest distribution - an effort to popularize and universalize the cause of sound money.

Author Ron Paul has been the leading champion of sound money in the Congress. He explains why sound money has meant the gold standard. The monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth.

He maps out a plan to bring about a dollar that is as good as gold, one that would be protected against manipulation by government and central bankers. Part of that strategy is the minting of a new gold one but the more far-reaching plan involves a redefinition of the dollar and complete monetary competition. This monograph first appeared in 1981, and it has been in wide distribution ever since. But we've never had an edition this beautiful, this affordable, and this handy.

Second Edition
Foreword by Henry Hazlitt
Preface by Murray Rothbard

Ron Paul deserves a high place in the history of liberty for being the only seriously principled statesman to serve in the US House of Representatives in the last quarter of the 20th century.

It should not be a surprise to discover that Ludwig von Mises had a huge impact on Congressman Paul's view of statesmanship. This essay is a moving tribute to Mises and a look into the mind of a remarkable politician.

Call for discount pricing on large quantities.

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This Author: Ron Paul This Publisher: Mises Institute

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