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john: be will hear about that later also an interview at the convention with ron paul. we are joy and by mark who founded the largest tea party group and nick gillespie from reason tv. they taught me about liberty. were you inspired? >> was that since the stood for could stay of later than i could i think he gave a good speech but i did not hear the specifics i would have liked to hurt. john: then why is it a good speech? >> he proved he was a good human being. he had a lot of fashion and vigor. the optics matter. he is lowering the bar. my behalf like to have heard that. john: he said nothing like that. >> i don't like the idea the implication of obama does a poor job so romney bryan and will fix the economy. and two per cent behind the wheel one-two here people exchanging voluntary with each other. john: he made fun of the obama line we will stop the rise of the ocean but i will fix your family? i assume he meant he would get out of the way? he implied government would solve it. >> that was the void of the speech he didn't say anything about government getting out of

he was rand paul's campaign manager during his 2010 senate run and then he was ron paul's campaign manager during his 2012 presidential run. so this is a guy who has been as anti-establishment, and as pro-paul as any republican in the country. in fact, for rand paul, the son, to get to the senate, he first had to win a primary against mitch mcconnell's hand-picked candidate in kentucky. it was the true believer conservative outsiders against that entrenched washington establishment. now one of the truest of the true believers is moving into a key position on mcconnell's campaign. but in some ways the move shouldn't be too much of a surprise. to a degree people i think really don't appreciate, ron paul's dramatically changed the face of the republican party. not on everything, of course. his attitudes on foreign policy and on the drug war haven't gotten him very far. but his positions on the size of government and in particular on monetary policy on the fed have basically won. i mean, the last book ron paul wrote, the thing he really wanted people to know about him before he ran for preside

well the two people that converted more people to libertarianism than anyone else is on ran and ron paul on ran with a book atlas shrugged which came out in one nine hundred fifty seven and still selling tons of books and ron paul who we all know has he goes to a college campus and he gets ten thousand kids to hear him. both of these people were libertarians on rand would reject the label but she certainly favored virtually all of the terrorism and ron paul is a libertarian so i think that the reason people associate the two in their minds is because the two people who have converted more people to both the austrian economics and libertarianism combine both but it need not be it's logically possible for one to be a libertarian and not an austrian or to be an austrian and not a libertarian but as a matter of fact there's a high correlation i think virtually all austrian economists that i know of nowadays are libertarians and of all the economists who are libertarians i would say ninety percent of them are austin economists ok so a lot of crossover there so now let's get into a few of the

well the two people that converted more people to libertarianism than anyone else is on ran in ron paul and ran with a book atlas shrugged which came out in one nine hundred fifty seven and still selling tons of books and ron paul who we all know has he goes to a college campus and he gets ten thousand kids to hear him. both of these people were libertarians on rand would reject the label but she certainly favored virtually all of the terrorism and ron paul is a libertarian so i think that the reason people associate the two in their minds is because the two people who have converted more people to both the austrian economics and libertarianism combine both but it need not be it's logically possible for one to be a libertarian and not an austrian or to be an austrian and not a libertarian but as a matter of fact there's a high correlation i think virtually all austrian economists that i know of nowadays are libertarians and of all the economists who are libertarians i would say ninety percent of them are austrian economists ok so a lot of crossover there so now let's get into a few of t

well the two people that converted more people to libertarianism than anyone else is on ran and ron paul on ran with a book out the shrug which came out in one nine hundred fifty seven and still selling tons of books and ron paul who we all know has he goes to a college campus and he gets ten thousand kids to hear him. both of these people were libertarians on rand would reject the label but she certainly favored virtually all of the terrorism and ron paul is a libertarian so i think that the reason people associate the two in their minds is because the two people who have converted more people to both the austrian economics and libertarianism combine both but it need not be it's logically possible for one to be a libertarian and not an austrian or to be an austrian and not a libertarian but as a matter of fact there's a high correlation i think virtually all austrian economists that i know of nowadays are living turns and. all the economists who are libertarians i would say ninety percent of them are austin economists ok so a lot of crossover there so now let's get into a few of the deb

well the two people that converted more people to libertarianism than anyone else is on ran and ron paul on ran with a book atlas shrugged which came out in one nine hundred fifty seven and still selling tons of books and ron paul who we all know has he goes to a college campus and he gets ten thousand kids to hear him. both of these people were libertarians on rand would reject the label but she certainly favored virtually all of the terrorism and ron paul is a libertarian so i think that the reason people associate the two in their minds is because the two people who have converted more people to both the austrian economics and libertarianism combine both but it need not be it's logically possible for one to be a libertarian and not an austrian or to be an austrian and not a libertarian but as a matter of fact there's a high correlation i think virtually all austrian economists that i know of nowadays are libertarians and of all the economists who are libertarians i would say ninety percent of them are also an economist ok so a lot of crossover there so now let's get into a few of the

rays but at the same time like maybe ron paul wouldn't have approved of that and but that's something that people have to keep in mind when they give money to these groups and i think that's one of the interesting things about these is that some of these super pacs go beyond the traditional sort of mission that a pac or campaign committee might out and they can live on and when you look at some of the bigger sort of accident out there when you look at say american crossroads which is run by call rove that doesn't have a candidate at all and then it's a very large sort of source of funds and power outside of the sort of traditional framework of candidates and campaigns people who donate to that want to sort of put their trust in the fact that karl rove or use their money. wisely as he sees fit let's talk though about ghost packs is there a difference between a ghost pac and a super pac i mean goes back is a sort of it's not a like an official sort of thing and i mean i think that there are a number of super pacs that supported other presidential candidates like herman cain there's a su

representative ron paul. we will talk about today's fed decision and the situation in the middle east which he would like to defunded the lot of people with him. legendary tv and radio star larry king is with us after attending every political conventions 1964, interviewed all these guys. what does he make of the current crop of political candidates? first we tell you what drove the markets with today's data download. stocks soaring after the fed announced a third round of quantitative easing saying it would buy $40 billion of mortgage-backed securities each month. the dow closed at its highest level since 2007 and the nasdaq at the highest level since november of 2000. bold searching 2% to entice level in seven month. the precious metal jumped as high as $17.56 before settling at $17.72. market risk is back as the so-called fear gauge falling 10% following the fed's announcement. let's get to today's action. we have allen in the pits of the cme where he is ready to cough. they have been screaming loud and fu

paul has been lurking around in states like minnesota as well as in his home state of texas you see thousands of dollars from his super pac endorse liberty has actually been given to candidates other than himself take a look this is according to open secrets dot org ron paul of course received the most amount of money that people contributed with four million dollars but texas senate candidate ted cruz gone we're going to hundred twenty three thousand dollars minnesota senate candidate kurt bills got about twenty one thousand and texas congressional candidate russ riddell got five thousand now all of them by the way are republicans now this is just one example but this will most likely set a precedent for the future to talk more about this i was joined earlier by russ koma money in politics reporter for open secrets dot org and i started off by asking him who decides how the super pac money is spent. when it comes to super pacs i guess the answer would be whoever put the super pac together whoever organized it whoever put up the money and so for every super pac is going to little bi

ron paul was great. gary johnson is doing his part that it many agree that he could be true to its principles once in the system because of the people are so stacked against them that we need to focus on persuasion and allow people to take care of themselves. i know focusing on the presidential election has that this outcome even with ron paul involved other than finding ways to present issues to think about liberty not to legislate or impose liberty but avenues to spread the message more effectively. >>host: why do you write about natural law? >> it is an easy term for those were not religious those to be freed from restraints in the right side come from the humanity so god has given us the rights. view talk to that acs is say different definition that the right soon come from us, not government. the fact we're human beings who are we are god's children, how the rights came to us is not important as is the fact government has not given us the rights it is a great way to unify the message whether we beli

even if we get someone like ron paul r. gary johnson involved other than simply spreading the message, having a bully pulpit, finding ways to present issues to people and get them to think about liberty, not necessarily to legislate liberty or the city of order, opposed the ready, but to have avenues by which we can spread the message more effectively. >> you read about natural law in this book. >> natural law is an easy turn to use to people who are not religious, who believe in the ability to be free of any course of restraint some other people that are redstone come from government, they come from our any humanity to reassess latter-day saints we believe that god exists, has given us these rights. we derive them from him. if you talk to an atheist, agnostic, someone who may be -- some natural law is a different definition of the same underlying principle, and that is our rights come from us and not from government. whether we receive this race because of our any humanity in the fact a real human beings or because we are

>> the ron paul ad. >> the ron paul ad. >> let's cue it up and play it and talk about it on the other side. perry bacon's favorite ad of 2012. >> what's up with these sorry politicians? lots of bark. when it's show time, whimpering like little shih tzus. you want big cuts? ron paul has been screening it for years. budget crisis? no problem. cut a trillion dollars year one. that's trillion with a t. department of education? gone. interior, energy, hud, commerce, gone. that's how ron paul rolls. >> i forgot than one. that was pretty good too. why did you like it so much? >> i like it because it's interesting. most ads are so dull. someone speaks in the cam rand and says nothing interesting. that's very compelling be. the problem, the reason you don't see ads like, that and one problem with the republicans are telling romney, a lot of republicans are saying to romney be more specific, be more detailed. there is a reason romney is not being more detailed. he is for a lot of the same cuts in the budget that ron paul was for. and the problem is those are not very popular. i mean i like -- t

paul being a unique voice all you have to do is turn the clock back to nine hundred fifty five robert taft was talking about american isolationism at that time and clearly that's the isolationists point of view that you hear from ron paul it's quite unacceptable and seems to me wonder if you had a miracle here and what is it not just a. natural equal to what is the united states trying to balance out if it's equal to going to battle who is it. again equilibrium against the radical forces that exist in islam against what was formerly the communist empire i think what the united states is attempting to do is to create stability in many sections of the globe ok george what do you think about all of it whether it's over our head george . yes i really disagree with that the united states is in the business of creating equilibrium the lack of equilibrium that we have is precisely created by the united states we see for instance today in libya where we once had a very very. ineffective form of government now after the u.s. intervention last year or the u.s. nato intervention last year we now

paul being a unique voice. you have to do is turn the clock back to one thousand fifty five robert taft was talking about american isolationism at that time and clearly that's the isolationists point of view that you hear from ron paul it's quite unacceptable and seems to me wonder if you had a miracle here and what is what interested in going to do nationally what is the united states trying to balance out if it's equal to going to bellow who is it. again equilibrium against the radical forces that exist in islam against what was formerly the communist empire i think what the united states is attempting to do is to create stability in many sections of the globe ok george what do you think about all the way they are and george. yes i really disagree with that the united states is in the business of creating equilibrium the lack of equilibrium that we have is precisely created by the united states we see for instance today in libya where we once had a very very. ineffective form of government now after the u.s.

paul being a unique voice. you have to do is turn the clock back to one thousand fifty five robert taft was talking about american isolationism at that time and clearly that's the isolationists point of view that you hear from ron paul it's quite unacceptable and seems to me wonder if you had a miracle here and what is it not just a. national equal what is the united states trying to balance out if it's equal to going to bellow who is it. again equilibrium against the radical forces that exist in islam against what was formerly the communist empire i think what the united states is attempting to do is to create stability in many sections of the globe ok george what do you think about all the way they are and george. yes i really disagree with that the united states is in the business of creating equilibrium the lack of equilibrium that we have is precisely created by the united states we see for instance today in libya where we once had a very very. ineffective form of government now after the u.s. intervention

paul being a unique voice. you have to do is turn the clock back to one thousand fifty five robert taft was talking about american isolationism at that time and clearly that's the isolationists point of view that you hear from ron paul it's quite unacceptable and seems to me wonder if you had a miracle here and what is it not just a. national equal what is the united states trying to balance out if it's equal we're going to bellow who is it. again librium against the radical forces that exist in islam against what was formerly the communist empire i think what the united states is attempting to do is to create stability in many sections of the globe ok george what do you think about all of it where it will be our go ahead george. yes i really disagree with that the united states is in the business of creating equilibrium the lack of equilibrium that we have is precisely created by the united states we see for instance today in libya where we once had a very very. ineffective form of government now after the u.s

paul it's quite unacceptable and seems to me with her view today a miracle here and what is it and i didn't mean i'm going to actually call what is the united states trying to balance out if it's equal we're going to bellow who is it. again equilibrium against the radical forces that exist in islam against what was formerly the communist empire i think what the united states is attempting to do is to create stability in many sections of the globe ok george what do you think about all the way. george. yes i really disagree that the united states is in the business of creating equilibrium the lack of equilibrium that we have is precisely created by the united states we see for instance today in libya where we once had a very very. ineffective form of government now after the u.s. intervention last year or the u.s. nato intervention last year we now have complete chaos we have absolutely no government at all we have a country that is run by militia gangsters is alarmist these are all being hoisted into power through the thought out intervention last year and now we're seeing the same sc

ron paul, a name you know. he's a congressman from texas, a three-time presidential candidate, and he calls the federal reserve system, quote, dishonest, immoral, and unconstitutional. now, as richard and i just discussed, the federal reserve has two mandates, keeping prices stable, that's inflation, and promoting full employment. congressman, welcome to the show. our number one economic issue is jobs. if everybody's employed or lots of people are employed, a lot of these problems go away, because you're not supporting people, people are paying taxes. your fellow congressmen are not helping the situation, and you don't trust the fed. so what's the fix? >> well, they haven't done their job. and you know, they're supposed to have full employment or take care of unemployment, and they've done a lousy job, so i don't know why we can trust them to do something that quite frankly they're incapable of doing. they can't practice central economic planning through management of money and credit, and i think we're seeing

paul supporters that kicked up a little bit but largely even ron paul is playing the game inside the party so you don't see hardly any disputes or anything like that over the platform or anything else and no surprises all all the romney started at a very the beginning of his campaign was very rough there was a lot of competition a lot of other candidates so basically this credit i have and yet now at the convention it seems as the g.o.p. just wants from need to be the president yes well they've all that's the tradition in american politics usually is they have about a battle during the primaries call each other all sorts of names criticize each other's. and then all of a sudden you see people who are criticizing him before when he gets enough electoral i mean convention delegates they'll split up and then start supporting him so is it romney's time do you think now for the u.s. well usually there on the republican side they they nominate the person who lost last time the next in line the democrats are a little bit more if he but but i think it basically comes down to these convention

even ron paul and even ross perot. the great example of the difference between third parties, fifth parties and 10th parties is europe. many countries have multiple parties. green parties, social parties, labor parties. they all put up candidates whether for prime minister or president or members of parliament or whatever their legislative houses. very often nobody ever gets a majority of the vote. they have to cobble together -- the word is used by the media -- cobble together a majority government. host: the big difference is they are a parliamentary system and we are not. caller: you are right. but we do not have multiple parties, but we do have multiple perspectives. everybody from dennis to signage on the far left to ron paul on the far libertarian right. host: we are short on time. thank you for the call. we welcome our viewers on the bbc channel. two essays from two former party nominees. george mcgovern who lost in 1972, bob dole -- on november 6 either obama or romney will face defeat. how will they handle it?

ron paul, a plan to restore america now. >> ron paul, i wonder why he didn't win the nomination. >> you can't do that. it doesn't work that way. that would basically eliminate every federal agency tomorrow. on our website, people voted this the most believable ad. okay, you hear what you want to hear and you see what you want to see. >> i think that is a perfect note with which to end this conversation. paul, thank you, sir. appreciate your time and by the way, keep track of the political ad tracker through wusa9.com. it's not just for those presidential ads. it covers local elections like the virginia senate race. a very tight contest going on even as we speak. this gets to topper and lesli and anita outside. >> the eye of the beholder. >> we don't have to fact check the weather. >> no, well we do keep track, but we're okay right now. >> you don't tell stories. you don't say things to mislead us about the weather. >> not on purpose. we have video of lesli. want video of lesli? >> the tropical storm. >> the extropical storm. it's extra tropical and it brought over the weekend, tropical

paul supporters that kicked up a little bit but largely even ron paul is playing the game inside the party so you don't see hardly any disputes or anything like that over the platform or anything else and no surprises all all though romney started at the very beginning of his campaign was very rough there was a lot of combat this and a lot of other candidates who basically discredit ahead and yet now at the convention it seems as the g.o.p. just wants from need to be the president yes well they've all that's the tradition in american politics usually is they have about a battle during the primaries call each other all sorts of names criticize each other's policy and then all of a sudden you see people who are criticizing him before when he gets enough electoral i mean convention delegates will flip and then start supporting him so as it ran this time they think now for the u.s. well usually they're on the republican side they they nominate the person who lost last time the next in line the democrats are a little bit more if he but but i think basically comes down to these conventions

have ron paul who has had enough with it all. unplugged and looking at a believable mess that nobody is taking the time to address. democrats could see a meltdown in november. they could see the 2010 neil: 39 days until the voters turned out but in 94 days the economy bottomed could drop out when the bush tax rates and and the sequestration spending cuts began. the fast approaching train wreck nobody tries to derail texas congressman ron paul joins me on the phone. no one mentions this. like a storm that is not there. get past the immediate election but then we will be that much deeper in debt. >> it is unbelievable. they are in denial. they're not bad people but they should wake up the people around the country know what i am talking about. but washington wants to keep it quiet. it is a blame game. neil: what do you think will happen? a prominent democrat told me he thinks the three or six month extension then hachette out with whoever is elected obama or mitt romney >> that is a good estimate. once again that buries the problem

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it's bad policy and we don't have any money. >> ron paul, it was a pleasure talking to you. thank you for joining us. >> thank you. >>> coming up next, the economic storm is coming but there is a way out. we could prepare for this one and other economic storms that will inevitably come our way in the future. i'll show you how, next on "your money." nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. imimagaginine e ifif y yod alalwawaysys s seeee l e [m[mususicic]] inin t thehe b besest t lil. eveverery y titimeme o of f. ououtdtdoooorsrs, , oro. trtranansisititiononss® ls auautotomamatiticacalllly y fift ththe e ririghght t amamouountn. soso y youou s seeee e eveg ththe e waway y itit is memeanant t toto b be e ses. mamaybybe e evevenen a lilittttlele b betette. exexpeperirienencece l lifife e, asask k fofor r trtrananss adadapaptitiveve l lene. oh, hey alex. just picki

thank you very much, ron paul. to capitol hill right now where there is a lot of talk, but, still, thought a lot of action as the nation prepares to head off what some are calling a fiscal cliff. lawmakers are just prepared to head home. we will talk to house majority leader cantor in a moment. first, the latest from washington, dc. >>guest: there is not going to be any action on a federal budget deal or on the looming cuts to domestic and defense, programs until after the election. there is too much uncertainty on capitol hill about who will be in charge of congress and the white house. before they leave to go home the top senate leaders have some parting shots. here is what the top republican had to say. >> every single american will get hit with a massive tax hike in just three months. that will happen unless we act to prevent it. democrats say we should not do anything about it. we should just go off the cliff and see what happens. >>reporter: democrats contend whatever they try to pass, it is held up in the g.

>> ron paul. john: very good. who is he? >> mitt romney. john: okay. who is he? >> gingrich? john: who? >> gingrich. john: good for her. should she vote? my instinct says she is too young. i don't trust instinct anymore because too often it is wrong especially when it comes to politics and economics. hayak wrote in the fatal conceit, it is problem we use instincts that evolved when we lived in tribes to make decision about our complex economy. he wrote the curious task of economics is to demonstrate to men how little they really know about they imagine they can design. you might think that people have gee begun to understand this. opinion poles show people are dissatisfied with congress. they have only 12% approval rating. good. people should be suspicious what congress would design. central planners failed in the soviet union and cuba and america's public schools and the post office. however despite all that failure, whenever another crisis hits, the natural instinct is to say, there ought to be a law. government must do something. what i used to think. i learned in my years

ron paul. not only throwing good money after bad, but it is not our job to buy good or what we think are good relations. the former presidential candidate, congressman, good to have you. here we face what will be ironically tomorrow talk of $40 million more in aid to lib libya. what do you think about that? >> wasteful, reprint it and we cannot buy friendship, we buy more enemies. two types of foreign-policy offer. we give them money, if we don't come if they don't do it we bomb them. they kill us with our money, your open statement was fantastic. you hit the nail on the head on the ridiculousness of the form policy. i did not invent it, advisors advised us of that, we should give it serious consideration. neil: i have a senator here who says be careful what you wish for. we embolden radical elements and by not giving money, we hurt them. >> i think we have to be judicious in how we use taxpayer dollars, but i can guarantee you if we take action that makes enemies out of that part of the world,

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senators ideals and ron paul's whole fear civil libertarian anti interventionism ideology but preston is it time to move beyond these boxed archaic paradigms do they study humanity i mean the age of twenty first century and lightman where technology is advancing every second are we stuck in kind of these old school ideological barriers is absolutely totally are i mean why do americans tolerate two choices for very very important service we like choice we were america we are a land of entrepreneurship and yet we only have two choices for a way of handling some of those important things in the world doesn't make any sense people are smarter than that they're there they see beyond it i would say there's not really two choices is actually one choice one wants to be in the bedroom and wants to be in the bank it's time we had a real true freedom party emerge and isn't it a very independent registered independent person i'm working to advance every single day and i really appreciate your candor and also your diligence you're very young and you've dedicated your life to really being the chang

have ron paul who has had enough with it all. unplugged and looking at a believable mess that nobody is taking the time to address. democrats could see a meltdown in november. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech mastpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verizon. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter h

the international atomic war show criticizes the ron paul stepping up its nuclear facilities to dozens of nations beyond the country's ambitions as a son is in toronto hoping the nation trying to its image as an international. olympic games in london are overshadowed by the controversy around a major sponsor is accused of the same people with disabilities bonded to work one day i'll be physically unable. to keep pushing for protecting the same sons inside syria despite objections from russia and china on friday as allies claimed the measure is needed to hold syrian refugees that base criticism or attempt step by the militarized to civil. and also and also on this week's financial headlines in kind of report coming up next. max kaiser this is the kaiser report you know poland must be coming along economically because of course they are attracting wall street banks and just outright scams. max keiser yes this is the first headline thousands caught in polish financial scam thousands of poles many of them elderly have fallen victim to a huge fraud which has left them facing financial ruin

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ron paul had a really smart campaign. young people are starting to wake up, young people like myself. i was only 20 of the time. i can say that without knowing what i know now about how the government operates, and i wish i could have taken it back and voted for ron paul at the time. host: thank you for calling in this morning. ashley mentioned gary johnson, the presidential candidate for the libertarian party. booktv conducted an interview with gary johnson in july about his book. you can watch that and booktv.org. just type his name into the search function in the upper left-hand corner. from "politico" this morning, " not disappointed." host: yesterday, paul ryan was campaigning at east carolina university in north carolina. here is a little bit of what he had to say. [video clip] >> we will not try to transform this country into something that it was not intended to be. we will reapply our founding principles that make us who we are. [applause] this is a defining moment. the president cannot tell you that you are bett

well my take is i very much i'm very much like congressman ron paul i think that we should pull out and remove all foreign aid we should get rid of foreign aid and don't have it anymore because all foreign aid is bribery and if they don't like us then why are we there you know that's the way i view it and it's that simple to me and foreign aid is no different than what they've set up here in the united states with our political system it's all based upon bribery ron paul put it great when he said here's the definition of foreign aid taking money from poor people in the united states and giving it to rich people in other countries that's what foreign aid is and so if they don't want to show over there i'm all for pulling us out bring us home and let them fend for their selves why should we be there what's our purpose in the middle east and as a little while there you are anything like the riots in the middle east we have seen a movement that attempted to take back the streets of course talking about occupy wall street now you of course the court at the moment i think i even read a report