HomeBullion & Precious MetalsWhat is Money? - Three-Part Congressional Lecture Series

What is Money? – Three-Part Congressional Lecture Series

capital_cashBelow is a three-part Congressional Lecture series covering the basic principles of money for Congressional staff. It was sponsored by Congressman Ron Paul and was posted to YouTube on August 8, 2013

The series is presented to our CoinWeek readers as an educational tool that provides one perspective on the nature and role of money in the economy and society. We will be presenting additional video with other points of view so we can examine all aspects of this very important topic.

We hope you enjoy this series and Thanks to Congressman Ron Paul


What is Money? – Joseph T. Salerno Congressional Lecture

Joseph T. Salerno gives a sponsored congressional lecture on “What is Money?”. This is part one of a three part series covering the basic principles of money for Congressional staff.

Joseph T. Salemo is academic vice president of the Mises Institute, professor of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.



What is Constitutional Money? – Edwin Vieira, Jr Congressional Lecture

Dr. Vieira’s lecture “What is Constitutional Money?” is the second part of a three part series of lectures for Congressional staff. His lecture explores the development of the American monetary system from colonial times through the creation of the Federal Reserve System, explaining the constitutional underpinnings of our money and the erosion of that legal framework over 200+ years of monetary history. He also explains his plan to return to sound money, outlining the grim ramifications of continuing on a fiat money standard.

Dr Vieira is the author of the definitive work on Constitutional money, Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution.



What About Money Causes Economic Crises? – Peter Schiff Congressional Lecture

What About Money Causes Economic Crises is the concluding lecture of a three part congressional lecture series. The lecture was delivered by Peter Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to Profit From the Coming Economic Collapse and How an Economy Grows and Why It Crashes.

Mr. Schiff explains the fact that the interest rate is a price and that manipulation of that price results in real changes to the capital structure and structure of production within the economy, causing imbalances, booms, and eventually busts in the economy. His lecture also explores how government intervention through labor and employment policies results in diminished employment and an overall reduction in the standard of living.


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