00:00    |    
Initial credits
00:06    |    
Introduction
01:30    |    
Free market in money
02:29    |    
Fractional reserve banking
04:04    |    
Warehouse certification
04:42    |    
Precious metals
06:07    |    
Regression theorem by Ludwig von Mises
08:46    |    
Adaptation to the real world
Role of banking
11:28    |    
Gold, silver, and copper regime
Money stock
Positive interest rates
15:25    |    
Virtues of a gold standard
Prevent government from printing money
Prevent inflation and enhance global trade
20:07    |    
First virtue: prevent government from printing money
Quotes The Age of Turbulence, Alan Greenspan
Quotes Capitalism: A Treatise on Economics, George Reisman
Benefits for congressional constituents
Quotes Ludwig Von Mises
Quotes A Treatise on the Alteration of Money, Juan de Mariana
27:27    |    
Ways US government raises funds
Debt monetization
Interest of Treasury bonds
Foreign Treasury debt
Bracket creep
Quotes Dick Cheney
33:51    |    
Second virtue: end boom-and-bust cycles
Quotes "The Roots of America's Financial Crisis," Jeffrey Sachs
Quotes Manias, Panics, and Crashes: A History of Financial Crises, Charles P. Kindleberger
Quotes "Gold and Economic Freedom," Alan Greenspan
Cost of US recessions
38:34    |    
Third virtue: prevent price inflation
Milton Friedman's objection
Milton Friedman's fallacy
Price collapse
45:42    |    
Summary
46:03    |    
Question and answer period
Does anyone know how this idea would work in reality?
Gold supply availability
Free market innovation
Spontaneity of the gold standard
Government influence
Painful transition
Do you think that whoever has monetary supply, will have an incentive towards inflation?
Wildcat banking
Yield management
01:06:42    |    
Final words
01:07:31    |    
Final credits



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Case for Gold as Money (Socratic Seminar)

17 de noviembre de 2011   | Vistas: 7 |   Capitalism Economy Free Market Freedom

In this seminar, Gene Epstein explains how a free market in money would function and emphasizes its three principal advantages: preventing the government from printing money, ending boom-and-bust cycles, and preventing price inflation. Despite the objections to this proposal, Epstein believes it promises to be a more stable and predictable alternative to the current system. This presentation focuses on the gold standard, which would allow the development of this innovative idea. Epstein also discusses the role that government would play in this scenario.




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Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín

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