Increasing Control

" The job of the CIA is to steal and to keep secrets. But we know more about the CIA than we do about the Federal Reserve. From 1776. When the nation was -- 1913. When the Federal Reserve began its secretive manipulation of our economy. The value of the dollar increase by 13%. From 1913. To 2008. During the Fed's rain the value of the dollar dig creased by 95%. Is this the entity that we want to enhance prosperity. Let's face it those in government do not believe in the word free when it precedes the word Marquette or the word enterprise. They believe in a form of fascism. They want private ownership of the means of production. And the delivery of services with the government control they want -- distribute wealth. And the Federal Reserve which is answerable only to itself. Will do so for them in secret. If congressman Barney Frank's new regulatory bill will become law we will all of lost our commercial liberties. And future generations. Will pay dearly. In high taxes. Super inflation. And absence of freedom. Joining me now to talk about all of this as Walter Williams professor of economics at George Mason University professor Williams it's a pleasure."

" Well thank you welcome back to play the executive will thank you corporate for the immigration. And you're you're your comment about the -- the the decline of the dollar the -- of of value of the dollar since 1913 is right on the money and -- I suggested. To people that if there ever in front of a judge being charged with -- counterfeiting. They should tell a judge that I was just engaging in monetary policy."

" Because that's what the government does that if you put the government calls it. And the government gets away with it -- what why in the world wouldn't when when the statistics that that you and I are talking about -- are available for any way to look at. And are obvious as as as the numbers on our faces. What -- in the world would anybody want the Federal Reserve mobile entities as Barney Frank does. To be responsible as sort of super regulator of the new economy. In the President Obama years."

" Topic the the YouTube you have -- and and I think that almost everything we can say about the Federal Reserve has been a disaster but I think that. That people want the Federal Reserve and bank because. It's -- redistribute income and and and keep in mind when you talk quick income redistribution that's exactly what I think doesn't them he redistribute income. And so. So -- Federal -- you know through its monetary policy it redistribute wealth. From. From creditors. To debtors. And if you ask the question well who has the greatest interest in redistributed wealth. From creditors -- better do it better she just says there's. Who's the biggest debtor in our country government that is absolutely right and -- That that you're absolutely right. And did however. I think they've you know on a whole lot of these issues that you that you. Mention in -- my regret that that. We should not be asking the question whether these things are good idea or bad idea. The question we should be asking. Is that permissible under the United States constitution."

" And and you know when you ask questions like that I I I was not astounded by what I heard this week and I suspect -- irritated as I was threatened but not a stand it. You get crazy looks on the people to whom you put the question. I asked congressman Jim Cliburn the number three ranking Democrat in the house just a few weeks ago. Where in the constitution is the federal government charged with maintaining people's health."

" What does not in the competition alluded has not been the competition that that the -- government. -- got anything to do -- most of us got to reduce."

" They believe. That they can legislate on anything that -- that -- I recognize. The natural law. They do not recognize American values and they certainly don't recognize the constitution. As a limit on their power --"

" You know I think something else you might -- is that. Congressman John -- he's been in congress since 1995. Each new session of congress he has introduced what he closed the enumerated powers act. And if they were -- if the enumerated -- of -- actually passed by congress. It will require -- congress specifically point to the authority in the constitution for whatever bill they legislate. Now the enumerated powers act the maximum number of co sponsors it has ever had in the house representatives is 31. And it's never had a cosponsor in the Senate are up until this year -- people. That we have lacked and they put that left hand on the Bible on the right hand -- an air and swear to uphold and defend the United States constitution. And when they get and their first order of business is this subverts the our constitution and I might -- That people in your profession you're a lot of work or in part response to lose big courts have have allow congress stick get away with. Trampling on the United States constitution."

" Courts have found the most ingenious and in some cases the most ridiculous rationalizations. To justify some of the most direct invasion threat of liberty guaranteed in the constitution a lot of thought about this -- what part of congress shall make no law abridging the freedom of speech this congress not understand. What part of no person shall lose. Liberty. Or property without due process of -- congress not understand it I I think you're a congressman Cliburn. Was being."

" number question for for us is staffed. Do you think they they generalize contempt that congress has for the United States constitution. Do you think that they are representing. The -- a contempt among a majority of Americans."

" I do not I think a majority of Americans if they understood what was going on. If they could comprehend some of the absurd rationalizations. That government lawyers have argued for. And that federal judges and justices of the Supreme Court have accepted. They would laugh at the government that we have well."

" I'd judge you know I would love -- right but I think you're wrong -- we can be put together either now suppose you told an American well. Social Security is not authorized by the United States constitution. Prescription drugs and out of riser and all these -- the benefits that many Americans to get. That -- firm from congress ignore the constitution. I think they would run -- yeah if it if James Madison. The fifth -- constitution if you're running in 2008. For the presidency Americans would run about a terrible -- would."

" And get the nomination of either party you know that and of course I think you are probably of the view that we have a one party system -- Republican version that assault civil liberties and likes war. And a democratic version that assault commercial liberties and likes tax."

" You know the other they are not novel way to -- is -- way I put is that. That Democrats. They believe in taking your money and my money and giving it to poor people in cities Republicans believe in taking your money in my money and given to farmers and banks. They both agree on taken our money they just disagree or what they use for."

" Professor Walter Williams from. George Mason University it's always a pleasure thanks for -- watch -- it bye --"