that was leonard reed at the oundation for economic education. his advice was, you can't convert people by grabbing them collars and -- and he also had another one he said ecome informed, the main responsibility is to learn, study, and be informed and people will seek you out and it will be worth something. but to have one person know -- no, there's been many. and the family, of course, has influential and most like to -- everybody who study and admire it and like and ck out elements of it do my best to understand it. here probably knows about the federal reserve. but i would like to know what the bank of international settlements is? >> the bank of international settlements. she's asking about the bank f international settlement in switzerland. it's the central bank for the central bankers. we probably don't need it. where's the kind of thing they're very much involve in the bailouts. of thing that our feds and our dollars worked with out the money and the kind of thing they keep very, very secret. it is an place where exchange -- they do -- you

today, you know, i did find the foundation for economic education free -- the fee foundation by leonard reed. and i was able to get a lot of books back then when i discovered that. but wasn't easy. today if i'm sitting at my desk and i say, oh, i remember reading this book a long time ago, i knew i got it from leonard reed. i click on google and get my answer without even getting the book out. there's no excuse for not finding it. it doesn't mean everything you're going to read is the right thing to do but you can figure it out if you have a basic principle. no more complicated than the nonaggression principle. [applause] you can't i happen to work that in with my own personal religious beliefs because i think my christian belief is based on love and nonaggression and persuasion and love and peace. rather than an argument for war and aggression and all of these other things that we end up doing in the name of religion. but the nonaggression principle is basically -- you can't hurt other people. which means you can't hurt them bodily and you can't take from them. you can't rob them, you can't

that was leonard reed at the foundation for economic education. his advice was you can't convert people by grabbing them by the shirt collars and he also had another one he said become informed, the main responsibility is to learn, study, and be informed and people will seek you out and it will be worth something. but to have one person -- no, there's been many. and the family, of course, has been very influential and most of it -- i like to -- everybody who i study and admire it and like to pick out elements of it and do my best to understand it. >> everyone here probably knows how you feel about the federal reserve. but i would like to know what your take on the bank of international settlements is? >> the bank of international settlements. >> she's asking about the bank of international settlement in switzerland. it's the central bank for the central bankers.[laughter] we probably don't need it. and it's the kind of thing where they're very much involve in the bailouts. it's the kind of thing that our feds and our dollars worked with bis to pas