stimulate economic growth. For the last few years money growth in the US has been over 10 percent, much higher than the growth of the economy (GDP). This does stimulate the economy, but the dollar also looses it’s value (inflation). New money (credit) is not given to economic participants but lend to them. By now the American consumer is deep into debt (mortgage) and the US government too (bonds). Total debt in the US is over 40 trillion dollars. Total debt is 330 percent of GDP, in 1929 …
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Presented by Peter G. Klein at the Mises Circle in Newport Beach, California; 14 November 2009. Sponsored by Louis E. Carabini. Includes an introduction by Douglas E. French.
Presented by Thomas E. Woods, Jr., at “The Great Depression: What We Can Learn From It Today,” the Mises Circle in Colorado; sponsored by Limited Government Forum of Colorado Springs and hosted by the Ludwig von Mises Institute. Recorded Saturday, 4 April 2009. … Tom Thomas E. Woods Meltdown Ludwig von Mises Institute Great Depression 1920 Recession American History Limited Government Forum Colorado Springs Liberty Property Peace Freedom President Warren Harding
In a Fox Business Channel Exclusive, Rand Paul and Ron Paul talked with Cavuto about heath care, capitalism, future of the GOP party, the freedom movement and much more.