Why Do We Need a Central Bank?

Comments on 'Why Do We Need a Central Bank?'

1. hmmm. Interesting.
2. The music could have been a bit quieter, but it definitely
   added to the vid to have it there in the first place.
3. i think the music fit perfectly, and i could hear the
   dialogue fine.
4. hmmm . . . the second comment posted to this thread by
   jinjin16 five months ago expressed the same
   sentiments. Since this was the first video I'd ever
   produced, it was something of an experiment in my own
   learning. While I certainly didn't intend for my meager
   creative effort to annoy anyone . . . whether the music
   serves any purpose or not, is debatable. Except for Ron
   Paul's passing mention of it, I assumed the original clip
   would otherwise receive little attention from the public.
5. Yes dsvet, that's a great suggestion for students interested
   in contrasting an 'alternative' background and view to
   'traditional' Economics. In fact, I'd strongly recommend
   taking the time to visit and familiarize one's self with the
   Mises Institute's online library. It represents a vast
   storehouse of material and resources on the subject.
6. Was inserting the loud and distracting music in the
   background (or should I say the foreground, since it was
   louder than the dialogue) really necessary? It was very
   annoying, and didn't serve any purpose...
7. I guess you could read Murray Rothbard's What has Govt done
   to our money. It's available free online in pdf.
8. Thanks, Trentacus. Whether you agree with my views or not,
   I appreciate the fact that you're thinking for yourself.
   I'd like to address a couple of misimpressions
   though. First, 'debt' and 'money' are not synonymous (the
   same thing). 'Money' or 'currency' is a representation of
   'value'. Contrastingly, responsible economics can
   effectively utilize 'debt' to facilitate
   production. Richard C. Cook has posed alternatives to
   current improprieties in recent discussions of C.H. Douglas.
9. While I may not agree, gospelnous is the only one making
   sense. Everyone else is ranting one dimensionally sided
   single argument. Many people don't understand the need of
   one but can anyone give me reasons on why one is better?
   It's simple, no debt=no money The Depression is part linked
   with a fall of new loans, since it's part of the monetary
   theory of creating more money. Before it was in play there
   was no limits. Please read -all- the facts before forming an
   opinion. I think it is fair.
10. yep and to all who hate Bush and think hes the worst , well
    the worst was Wilson . That guy gave us the Federal Reserve
    and the IRS , and he himself said he had unwittingly ruined
    America . We have no choice but to change this crap or we
    will fall , anyone seen the value of a dollar lately ? CMON
    PEOPLE ! Ron Paul was the only one close and everyone thinks
    Obama is the savior , OH MY ! We're doomed !
11. yea , the ONLY thing that ever creates inflation is the over
    printing of money . PERIOD The Fed is a sham , VOTE RON
    PAUL !
12. well said
13. Yeah i know the gov gave them power to print the curency
    trough the federal reserve act of 1913. Everyone need to
    know this its so important. And also the fact that the gov
    had already the power to print it without the interest. THIS
    IS economic 101 and should be teach in every school so
    people may one day realize the scam the feds are up to. VOTE
    RON PAUL 2008 FOR THE END OF THE FEDERAL RESERVE.
14. As far as 'the lie' goes . . . I'd challenge Mr. Greenspan's
    views about how, or why, inflation occurs. Examining the
    historical record of the relationship (see my, "A Crisis in
    American Leadership Part 3") between the (central) bank and
    our government, you'll notice its power to regulate the
    money supply was granted in reaction to the financial
    problems the bankers' themselves, devised. This travesty
    though, only compounded the role of U.S. involvement in WWI,
    the Great Depression, and WWII.
15. I appreciate your comment because you've zeroed in on 'the
    lie'. Mr. Greenspan is not however, lying in answer to the
    question, 'Why do we need a central bank?' in saying that
    fiat money is printed by our government (it is) but, at the
    central bank's authorization to do so. When the Federal
    Reserve (U.S. central bank) was created in 1913, our
    government not only gave them the power to 'create' money,
    it also introduced taxation to repay the interest we're
    charged when we borrow it from them.
16. at 2:00 Greenspan says: its the government that print the
    money!! NO its not! liar! its the central bank. He said so
    to make you believe that the central bank is OWN BY THE GOV.
    witch is not true! ITS A PRIVATE INSTITUTION. It makes is
    own rule and is has no oversight by anyone. Greenspan is
    such a crook new world order scum!
17. they ALL need to be in jail for TREASON! we dont need
    interest on our system of exchange [money]! Money was design
    to facilitate the transfer of goods not to enslave
    population with a interest rate!
18. Ron Paul's proposed legislation (Federal Reserve Board
    Abolition Act) is a simple dismantling within a year's time.
    Although the practical logistics of doing this are mind
    boggling, the nation would be taking a significant step in
    reestablishing its Constitutional integrity.
19. I'm in a weird place right now. I've been an advocate of
    eliminating the Federal Reserve for a while, but I started
    to realize I didn't really know how we could work without
    it. I'm trying to see someone with a pro-Fed argument, so I
    can see if there's any merit to it. Apparently even Alan
    Greenspan doesn't have one.. can anyone point me in the
    right direction? Thanks.
20. no sorry my man i am not. just hard to hear content. good
    video tough. cheers
21. perhaps you're not a big banjo fan . . .
22. the music is annoying
23. Perhaps to safeguard the legacy of his own role to the Fed,
    in less than 3 1/2 minutes, Mr. Greenspan offers valuable
    insight into the problems central banking is facing . . .
    all to mankind's detriment. Sadly, we're at the point that
    the cost of liquidating corporate holdings is exacted by a
    comparable loss in human (American) value.
24. good interview