Economics,the Social Order,and the Ron Paul Revolution

Introductory video to new book "Economics, the Social Order, and the Ron Paul Revolution" CONTENTS Acknowledgments ix Disclaimer x Preface x I. INTRODUCTION 13 America's dire economic path. 13 Who is Ron Paul? 14 Ron Paul is obviously an antiquated ideologue, right? 15 The human ant-farm and the market process 17 Capitalism and Communism introduced 19 A tribal brain in a modern world 22 Wealth as a transformation of matter and the main difference between the tribal and modern worlds 29 Market process vs. Government. South vs. North Korea 32 II. ECONOMICS AND THE MARKET PROCESS 35 The ongoing cycle of production and consumption 35 Self-sufficient vs. market oriented societies. The division of labor and knowledge, and their impact on the human ant-farm. 35 Market oriented societies as supercomputers 38 The growing interdependence of knowledge 39 Money 39 Prices. The quantity theory of money 43 Human action and the quest for increasingly more beneficial states of well-being. 46 The value of goods. Carl Menger's Subjective Theory of Value 47 The importance of trading 48 Value, ownership and private property 50 The creation of useful knowledge 52 Thinking about progress and its destruction. 53 Inflation 55 The destructive rearrangement of the human ant-farm. 55 Inflation's redistribution of wealth 58 Inflation and the natural selection of sound money 59 Hyperinflation and historical examples 60 Progressive vs. recessive rearrangements of the human ant-farm. Profitability as a signal of progress. 62 Companies and how employee wages are determined 65 Banking 69 The lending industry 70 Interest rates 72 The efficient distribution of resources 74 Economic booms and busts and the business cycle 76 Competition. The forced and beneficial spreading of knowledge and rearrangement of society. 85 How the social organism calculates what to produce. The average rate of profit 91 How living standards and real wages rise 93 Bringing the future closer: the effects of, and importance of saving 96 Conclusion 101 III. GOVERNMENT PLANNING VS. THE MARKET PROCESS 103 Our strong instinct to form groups. 103 The origins of governments 105 The recent evolution of law and the emergence of the modern socialist mindset 107 The birth of American Capitalism. 117 What is seen and what is not seen. The wisdom of Frederic Bastiat 121 The Public Sector vs. The Market Process. The wisdom of Herbert Spencer 126 Government regulation 133 Food and Drug Administration(FDA) and American Medical Association(AMA) 136 More Spencer 145 Government finance basics 147 Taxes 147 Inflation 149 Borrowing 150 On democracy 151 The modern political zoo and its inevitable road to serfdom 153 IV. THE ENVIRONMENT 160 Why we are not running out of natural resources 160 Dealing with pollution 162 Global warming 163 The conservation of species 166 Conclusion 169 V. CULTURAL EVOLUTION 170 Cultural evolution. Hayekian selection introduced 170 Understanding religion 181 Comments on drug prohibition, its history, and race relations 192 Ideology. Democrats, Republicans and Libertarians 197 Libertarians and traditional conservatives 197 Modern day Republicans 198 Democrats / Liberals 201 Conclusion 202 Privatize everything? The natural selection of superior law and order 204 VI. THE RON PAUL REVOLUTION 209 The fallacy of needing to "protect our interests" overseas and police the world. Non-interventionism 209 The nonsense of mainstream economists 212 Alan Greenspan tries to save face and our needed return to the gold standard 212 Bernanke's economic nonsense and his "stimulus" package 215 John Maynard Keynes. The grandfather of our mainstream economorons 217 Franklin Delano Roosevelt: America's drastic turn towards Socialism 221 Governmental foreign aid does not help 222 Terrorism and national security 223 Government monopolies cannot protect us 223 Why do they hate us 225 The destruction of the American social order via military spending 233 Lockheed and Loaded: The Company that Runs the Empire. By Jeffrey St. Clair 235 The coming mushroom cloud? 243 Bin Laden's embarrassing victory. Brought to you by American tribalism and economic ignorance 246 A few answers 246 The real motivation for the Ron Paul Revolution 248 Common libertarian ideological mistakes 250 Government is not evil. Hayek's most alarming lesson of modern history 250 Preaching freedom for freedom's sake and ignoring economics as part of the freedom message. 256 The dollar crisis and the needed bust 259 Some final thoughts 260 Henry Hazlitt's inspirational words 261 APPENDIX 271 A few speeches by Dr. Paul before congress 271 Has Capitalism Failed? 271 Lift the United States Embargo on Cuba 274 Statement on Ending US Membership in the IMF 276 Repeal Sarbanes-Oxley! 278 Federal Reserve has Monopoly over Money and Credit in United States 279 INDEX 295