Economics,the Social Order,and the Ron Paul Revolution
Uploaded by: capitalistworld
Video Description:
Introductory video to new book "Economics, the Social Order, and the Ron Paul Revolution"
CONTENTS
Acknowledgments ix
Disclaimer x
Preface x
I. INTRODUCTION 13
America's dire economic path. 13
Who is Ron Paul? 14
Ron Paul is obviously an antiquated ideologue, right? 15
The human ant-farm and the market process 17
Capitalism and Communism introduced 19
A tribal brain in a modern world 22
Wealth as a transformation of matter and the main difference between the tribal and modern worlds 29
Market process vs. Government. South vs. North Korea 32
II. ECONOMICS AND THE MARKET PROCESS 35
The ongoing cycle of production and consumption 35
Self-sufficient vs. market oriented societies. The division of labor and knowledge, and their impact on the human ant-farm. 35
Market oriented societies as supercomputers 38
The growing interdependence of knowledge 39
Money 39
Prices. The quantity theory of money 43
Human action and the quest for increasingly more beneficial states of well-being. 46
The value of goods. Carl Menger's Subjective Theory of Value 47
The importance of trading 48
Value, ownership and private property 50
The creation of useful knowledge 52
Thinking about progress and its destruction. 53
Inflation 55
The destructive rearrangement of the human ant-farm. 55
Inflation's redistribution of wealth 58
Inflation and the natural selection of sound money 59
Hyperinflation and historical examples 60
Progressive vs. recessive rearrangements of the human ant-farm. Profitability as a signal of progress. 62
Companies and how employee wages are determined 65
Banking 69
The lending industry 70
Interest rates 72
The efficient distribution of resources 74
Economic booms and busts and the business cycle 76
Competition. The forced and beneficial spreading of knowledge and rearrangement of society. 85
How the social organism calculates what to produce. The average rate of profit 91
How living standards and real wages rise 93
Bringing the future closer: the effects of, and importance of saving 96
Conclusion 101
III. GOVERNMENT PLANNING VS. THE MARKET PROCESS 103
Our strong instinct to form groups. 103
The origins of governments 105
The recent evolution of law and the emergence of the modern socialist mindset 107
The birth of American Capitalism. 117
What is seen and what is not seen. The wisdom of Frederic Bastiat 121
The Public Sector vs. The Market Process. The wisdom of Herbert Spencer 126
Government regulation 133
Food and Drug Administration(FDA) and American Medical Association(AMA) 136
More Spencer 145
Government finance basics 147
Taxes 147
Inflation 149
Borrowing 150
On democracy 151
The modern political zoo and its inevitable road to serfdom 153
IV. THE ENVIRONMENT 160
Why we are not running out of natural resources 160
Dealing with pollution 162
Global warming 163
The conservation of species 166
Conclusion 169
V. CULTURAL EVOLUTION 170
Cultural evolution. Hayekian selection introduced 170
Understanding religion 181
Comments on drug prohibition, its history, and race relations 192
Ideology. Democrats, Republicans and Libertarians 197
Libertarians and traditional conservatives 197
Modern day Republicans 198
Democrats / Liberals 201
Conclusion 202
Privatize everything? The natural selection of superior law and order 204
VI. THE RON PAUL REVOLUTION 209
The fallacy of needing to "protect our interests" overseas and police the world. Non-interventionism 209
The nonsense of mainstream economists 212
Alan Greenspan tries to save face and our needed return to the gold standard 212
Bernanke's economic nonsense and his "stimulus" package 215
John Maynard Keynes. The grandfather of our mainstream economorons 217
Franklin Delano Roosevelt: America's drastic turn towards Socialism 221
Governmental foreign aid does not help 222
Terrorism and national security 223
Government monopolies cannot protect us 223
Why do they hate us 225
The destruction of the American social order via military spending 233
Lockheed and Loaded: The Company that Runs the Empire. By Jeffrey St. Clair 235
The coming mushroom cloud? 243
Bin Laden's embarrassing victory. Brought to you by American tribalism and economic ignorance 246
A few answers 246
The real motivation for the Ron Paul Revolution 248
Common libertarian ideological mistakes 250
Government is not evil. Hayek's most alarming lesson of modern history 250
Preaching freedom for freedom's sake and ignoring economics as part of the freedom message. 256
The dollar crisis and the needed bust 259
Some final thoughts 260
Henry Hazlitt's inspirational words 261
APPENDIX 271
A few speeches by Dr. Paul before congress 271
Has Capitalism Failed? 271
Lift the United States Embargo on Cuba 274
Statement on Ending US Membership in the IMF 276
Repeal Sarbanes-Oxley! 278
Federal Reserve has Monopoly over Money and Credit in United States 279
INDEX 295
Tags for this video: capitalism economics freedom inflation socialism
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I am curious about where we are getting the $ for this Economic stimulus payments from our George Bush? Where is he getting the money? Is the U.S. Government already in debt? Am I correct that this is only going to backlash into increased inflation?