You know, of course I've been very interested in Austrian economics.

I got interested in the 1960s and that led me to wanting to speak out about it.

And that's why I ran for Congress.

But in the 1960s there were books being written and they were following up on Henry Hazlitz

analysis back in 1945 when he says, you know, the IMF doesn't work.

All that pseudo gold standard Bretton Woods won't work.

And he of course was right.

But by the 1960s, Lou was very much involved.

Way before the Amesius Institute getting people to write books and editing his books.

And Lou, that's where I got a lot of information and why I said, you know, the time is coming

when the Bretton Woods is going to break down.

And I guess it was the Sunday night at 8 o'clock I was sitting in the living room watching

television, late program breaking in, Nix and Kins In.

I'm closing the gold window.

And from then on I said, that was some deal.

That was a historic day and I'm sure everybody in this room knows the significance of August

15, 1971.

But that was when I more or less decided, you know, I should speak out more about this.

And I think it was about 1970.

Mises wasn't well known to say he was unknown.

But in the Houston newspaper, they had a clip in there and announcement from the University

Houston was about that big.

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