"Why Was the Fed Created?" with George Selgin -- Ron Paul Fed Lecture Series, Pt 1/3

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  • เผยแพร่เมื่อ 28 ม.ค. 2025

ความคิดเห็น • 55

  • @suitabledude
    @suitabledude 13 ปีที่แล้ว +1

    George Selgin is a G! This guy really knows what he's talking about when it comes to ecomomics and Monetary policy.

  • @luckycharmz336
    @luckycharmz336 12 ปีที่แล้ว +2

    This is likely the best video on youtube if you really care about ending the fed

  • @deathmarch5
    @deathmarch5 13 ปีที่แล้ว +1

    no one is allowed to hold the title of allodial any more since the federal reserve notes took the place of the gold/ silver dollar. the supreme court said an allodial title is the supreme title to property as its cannot be taken from anyone except by way of inheritance or assigning to another. Because the truth is private currency can only convey an equitable title. Which the federal reserve note is a private internal banking note.Allodial title is both legal and equitable title merged.

  • @a4finger
    @a4finger 13 ปีที่แล้ว

    Great lecture, looking forward to the next one.

  • @3o4Titties
    @3o4Titties 13 ปีที่แล้ว +1

    Can't wait for Part II : ]

  • @liquifiedart
    @liquifiedart 13 ปีที่แล้ว +1

    that was awesome. i love learning about monetary policy!

  • @deathmarch5
    @deathmarch5 13 ปีที่แล้ว +1

    what was put in the place of a public trust was a corporation called the UNITED STATES established in 1871. For people who understand trust law this is the maxim of trust law. All corporations are trusts but not all trusts are corporations. The 14th amendment was created for this foreign territory/ corporation. its goal was to remove the people who were sovereign from the state to where a natural citizenship was to a federal/ corporate US citizenship removing state sovereignty and ours as well.

  • @robodril1
    @robodril1 13 ปีที่แล้ว +1

    The political answer was to stop fluctuations in the money supply, have a national currency with no discounting from state to state, and to end runs on the banks. The truth was to vest the banking powers and the control over the creation of currency into a single corporation. This was because of the huge profits which can be made by both expanding and contracting the money supply. A single corporation now has the ability to row the economy and make money in both directions.

  • @the_chiefe
    @the_chiefe 13 ปีที่แล้ว +1

    This speaker is good, sincere in his talk & is thorough with all his information . However, personally Peter Schiff's energetic speaking style works lot better for me (compared to this somewhat laid-back style). Don't get me wrong, this is much appreciated.

  • @Myndir
    @Myndir 13 ปีที่แล้ว +1

    @thespian547 You're very lucky! George Selgin is one of the best economists around right now.

  • @jakebrackenwagen917
    @jakebrackenwagen917 4 ปีที่แล้ว +1

    Great Talk! If only more than 1% of America had the attention span to watch and learn. Glad he thinks we are not going the Japan route... We shale see:)

  • @tallswede80
    @tallswede80 13 ปีที่แล้ว +1

    There's feedback the microphone. Pretty irritating

  • @themadcookieman
    @themadcookieman 11 ปีที่แล้ว

    Worth sharing. Another worthwhile speaker is Richard Epstein from U of Chicago.

  • @echatav
    @echatav 13 ปีที่แล้ว +2

    @hazeee123 Selgin's one of the best economists alive today.

  • @MrDeejayjfx
    @MrDeejayjfx 13 ปีที่แล้ว +1

    End the Fed!!!

  • @vito7pt
    @vito7pt 12 ปีที่แล้ว

    That is correct! I think the center is the Crown!

  • @echatav
    @echatav 13 ปีที่แล้ว +1

    @hazeee123 That's your loss then. Selgin is a proponent of free banking, not central banking at all. I haven't gotten to that question yet, but of course he has ideas for second best solutions and methods for getting to freedom from where we are now.

  • @sdeevG
    @sdeevG 13 ปีที่แล้ว

    This is something i would pay for.

  • @LibertyWarrior68
    @LibertyWarrior68 13 ปีที่แล้ว +1

    Deregulate money and return it to the free market. Introduce competitive currencies and you will see gold and silver emerge as money.

  • @mesastilettodeuce
    @mesastilettodeuce 12 ปีที่แล้ว

    I'm a bit confused... though maybe its because I didn't finish the video yet. where did the gold standard come into this?

  • @tonidepoli
    @tonidepoli 13 ปีที่แล้ว +2

    @kmg501 I don't usually respond to comments on my talks posted on youtube, but when I see remarks as foolish as yours, its hard to resist! (1) As anyone who watches the video will see, I say that the Jekyll Island meeting _was_ a conspiracy; (2) Romer is darn good economic historian, whose arguments concerning the relative stabiility of the pre-Fed period are all the more valuable precisely because she isn't known as a Fed basher.

  • @FyterianTV
    @FyterianTV 12 ปีที่แล้ว +1

    A truly great lecture; too bad for all the conspiracy theorists in the comments... George Selgin is one smart dude

  • @Loyal2Liberty
    @Loyal2Liberty 13 ปีที่แล้ว +1

    Ron Paul's future Secretary of the Treasury?

  • @Myndir
    @Myndir 13 ปีที่แล้ว

    @hazeee123 "I immediately discount everything else they say about economics."
    How many people use your account?

  • @deathmarch5
    @deathmarch5 13 ปีที่แล้ว

    The birth certificate is the equitable title the certificate of title is the equitable title the deed is the equitable title who holds the legal title? A trust is created when property is owned out right and you lend the property to a trustee. this splits ownership into 2 parts a legal title or duty and equitable a monetary title. when the 2 merge the trust is suspended. the state of emergency created this split in title.

  • @GoatOrange
    @GoatOrange 13 ปีที่แล้ว

    @ourgodislove316 The monetary commission was created Because the monetary policy before the fed was attributed with instability. The monetary commission recommended the FED, but was only really looking at a central banking system as the "solution". So it was created because of a flawed system and recommended because of bank lobbyist.

  • @muslimgiga
    @muslimgiga 13 ปีที่แล้ว

    Noooo!!! Where is Lidya!!???

  • @52000rightwing
    @52000rightwing 12 ปีที่แล้ว

    TH-cam = Free education - paper diploma

  • @echatav
    @echatav 13 ปีที่แล้ว +1

    @hazeee123 I respectfully disagree. It is important to chart a path to freedom, not just throw up one's hands and say "Well, let's hop in a time machine and not get into this broken present system." Do a little more research about Selgin. He's done more for the intellectual cause of free market money than just about anyone. Anyway, I think you're misinterpreting his remark as a legitimization of the Fed. Given that he spent the whole lecture criticizing them, that's untenable.

  • @Madoculos
    @Madoculos 13 ปีที่แล้ว

    @kmg501 @28:32 He said that it WAS a conspiracy.

  • @vasya128
    @vasya128 12 ปีที่แล้ว +1

    Use Bitcoin! End the banks!

  • @parkandware
    @parkandware 12 ปีที่แล้ว

    yikes turn the gain down on the mic next time

  • @Danster82
    @Danster82 13 ปีที่แล้ว

    Anyone who can apply to the fed for reserves is not "Coming like oliver with bowl in hand" I can assure you, it is those who are privileged to demand reserves from the fed who created the fed in the first place. Do you really think the big profit is earnt by the 0.5% the central bank is charging which gets paid back to treasury? or maybe its the 9-30% re loan charge of the banks who established and own the fed.
    In the end all thats needed is less government allowing for competing currency's.

  • @ezcondition
    @ezcondition 13 ปีที่แล้ว

    you should have been making vids your whole run. if they won't give you air time, you had to get the message out some way.

  • @jayb-clay2724
    @jayb-clay2724 5 ปีที่แล้ว

    Watch Mike Melonys secrets history of money videos

  • @Loyal2Liberty
    @Loyal2Liberty 13 ปีที่แล้ว

    @muslimgiga I was thinking the same thing...

  • @DEADPATRIOT1
    @DEADPATRIOT1 13 ปีที่แล้ว

    Write ronpaul2012(dot)com on every fiat federal reserve note you get your hands on. Not that I know anyone that doe's that.;)

  • @ashane67
    @ashane67 13 ปีที่แล้ว

    @hazeee123 You cannot discount everything an economic analyst has to say just because you don't see eye-to-eye on a single point or even a few points. These speakers are far, far more educated on the topic than you or I.
    What happens when you completely discount a person based on a single viewpoint is exactly what has happened to our bicameral legislative system. Everyone picks on a topic and further divides along party lines, when in truth there are many similarities between parties.

  • @Malthus0
    @Malthus0 13 ปีที่แล้ว

    @cbhavsar1 You do know this guy is an academic, its kinda their job to be boring but right.

  • @deathmarch5
    @deathmarch5 13 ปีที่แล้ว

    i don't believe in conspiracy theories by the creation of the fed was a conspiracy. .. No one is smart enough to actually plan on a desired effect in his opinion..... To me this is foolishness to think someone is not a strategic genius. think people chess has rules right each piece moves under certain rules it is there for conceivable to plan and conspire a future or destiny. governments and commerce have rules too if you create your on rules as you go you will get the desired effect you want

  • @rumco
    @rumco 13 ปีที่แล้ว

    Sorry but Selgin lets the government and the Fed get off the hook too easily. Give me Salerno or Murphy over him any time.

  • @TheVampirella
    @TheVampirella 13 ปีที่แล้ว

    The sound guy needs fired!