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Elections, Politics, Videos

WFP Interviews Joe Cobb, Economist and Author

Posted: August 4, 2012 at 4:51 pm   /   by

On July 31, 2012,’s Brad Zinn interviewed Joe Cobb, economist, speaker, and author. The occasion was a special Americans for Prosperity celebration of the 100th anniversary of the birth of Nobel Laureate Economist Milton Friedman.

Milton Friedman’s PBS television series Free to Choose is a classic among Conservatives and Libertarians.  The 1980 series, updated in 1990, is available for free viewing at  All Americans should watch this series to understand the role that free choice and free markets play in producing prosperity for everyone — especially the “common man”.

The July 31 event, hosted at the Goldwater Institute in Phoenix, included a 1-hour “debate” and Q&A session with Cobb and his co-panelist Charles Goyette.  A principal topic was the role of central banking and our own Federal Reserve Bank in particular.  For the full debate, click here, and for the interview with Charles Goyette, click on this link. thanks Tom Jenney, Americans for Prosperity, the Goldwater Institute, and Dr. Jeff Singer for sponsoring this event.

David Leeper

David Leeper

David Leeper is a retired engineer living in Scottsdale, AZ, with his wife of 45 years. He is currently a volunteer science teacher at In his 40-year career he held positions from lab technician to technical vice president at Bell Labs, Motorola, and Intel. He holds 16 patents in telecom technology and a PhD in electrical engineering from the University of Pennsylvania. During his career, he wrote mainly for technical journals including Scientific American. He began writing for in 2011.
David Leeper


  1. WarrenS says:

    Great interview and perspectives! I’m going to pass this link around.

    1. dleeper47 says:

       @WarrenS This has been an eye-opener for me.  I had long thought that we *had* to have a Federal Reserve in order to balance the money supply with total goods & services being produced. I’m beginning to change my mind …  it’s not clear that the Fed is actually capable of measuring goods and services, and even if they were, it’s just been too tempting for them to pursue political agendas (both domestic and global) with their control over our currency.
      Grams of gold (worth about $57 each today) or grams of silver (worth about $1 each today) would make interesting competition for the paper dollar.   

      1.  @dleeper47  @WarrenS Could a private entity coin money and create another form of exchangeable currency? (Like $1 silver slugs with a picture of Reagan’s face on the obverse and the statue of liberty on the reverse?)

        1. WarrenS says:

           @WesternFreePress Sure! It’s quite legal to do right now. Bartering is not illegal. If someone wants to barter a one-ounce round of silver for, say, ten gallons of gasoline there’s nothing to stop them as long as both parties agree to the exchange. The critical thing is that a tool of barter may not be denominated in U.S. Dollars.

        2.  @WarrenS So essentially, that’s what these gold and silver companies are doing . . . sort of. They’re not actually saying, “Here is an alternate form of currency that we should start using now.” Rather, they’re prognosticating currency collapse later, IOW, “Hold these, just in case.” But has anyone tried to get a parallel form of currency to catch on in the here and now? (Not counting the scrips that arose during the depression.)

        3. dleeper47 says:

           @WarrenS  @WesternFreePress  I presume that a transaction that would have been taxed if it were made in dollars must still be taxed if it is made in gold or silver (or even chickens), no?  And that would include salaries.  For an occasional barter transaction, I assume the govt isn’t interested, but if the volume were to grow, state and federal taxing authorities would surely want their cut.
          One day, though, we might have Amex accounts denominated in grams of silver or grams of gold?  
          A dilemma:  I think I’d like to be *paid* in gold or silver, but I’d like to *pay* in paper dollars.  I’m not sure how that conflict works out … 

        4. WarrenS says:

           @dleeper47 True about taxes. In most states commercial transactions (and in some states even private transactions) are taxable. That applies to barter as well as conventional transactions. The Emperors will have their due. And, they only take U.S. Dollars.

    2.  @WarrenS Thanks, Warren, please do. Far and wide!

  2. […] Video Interview with Joe Cobb […]

  3. Thanks to Mr. Joe Cobb for a terrific interview!

  4. Thanks to Mr. Joe Cobb for a terrific interview!

  5. […] moderated the debate.  Separate interviews are available with Joe Cobb (at this link) and Charles Goyette (at this […]

  6. EoGuy says:

    Get out your American Liberty Dollars.  It’s time to start using them again.
    Give Bernard Nothouse a new trial!

  7. As a Libertarian Candidate for U.S. House of Representatives, Arizona, District 4, I have met Joe Cobb and found him to be a forthright, straight shooter, which is what this country needs.
    That said, I enjoyed the interview as it reflects one of the MAJOR problems facing the American People, and always has, since 1935, when the so-called “Federal Reserve” took over our Banking System.
    The fact is, they have NEVER been a Federal Agency, and were earlier the “Bank of London”, then the “Bank of New York”…then the surprise…”Federal Reserve”.
    In fact, they also established the IRS to collect the American Taxpayer Funds to use at THEIR discretion, at the behest of the Bilderberg crew.
    They are in fact, the 8 families of mega wealthy individuals, who control our White House, Congress and the Senate.
    The fact is….the REPUBLICAN and DEMOCRATIC Parties have run America into the ground for 236 years, and want YOU to continue down this disastrous road. What WILL you do at the Polls on Nov. 6, 2012?
    For more information, please visit my web site: and become educated, even make a small donation, it would be most appreciated!
    Joe Pamelia, Candidate, Libertarian Party
    U.S. House of Representatives, Arizona, District 4

  8. […] The July 31 event, hosted at the Goldwater Institute in Phoenix, included a 1-hour “debate” and Q&A session with Goyette and his co-panelist Joe Cobb.  A principal topic was the role of central banking and our own Federal Reserve Bank in particular.  For the full debate click on this link.  For the interview with Joe Cobb, click here. […]

  9. tmachan says:

    Thank you, Joe, for s very stimulating interview.

  10. Erin Borella says:

    Thanks for this insightful interview. I believe I gain some perspective into the new accounts of trading trends for 2013.

WFP Interviews Joe Cobb, Economist and Author