Ron Paul meets with CNBC on 11/30/2011 to discuss the meeting of the top central banks from around the world to collectively coordinate a global money printing effort to “stimulate the economy.”

This again shows a complete lack of education in Austrian Economics, which has successfully predicted how and why this very type of action can and will collapse an economy. The fact that this is happening on a global scale is terrifying, leaving few safe havens left to escape to if and when the economy implodes on itself under the weight of all this money printing. It is incredibly destructive and dangerous. Quantitative Easing offers no long term economic benefit whatsoever, and yet carries the risk of reducing the value of all your dollars to barely the cost of the paper they’re printed on.

The following video is a narration of an essay by Murray Rothbard from 40 years ago explaining exactly how and why Quantitative Easing destroys economies. It is just under 44 minutes in length, but offers an invaluable education.

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