We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy - all the capital misallocation, all the malinvestment…
October 3rd, 2008 | United States Congressman Ron Paul | 2 comments | ContinuedArchive for United States Congressman Ron Paul
Dr. Ron Paul is a Republican member of Congress from Texas and perhaps the only voice in Washington still advocating "limited" government in the Jeffersonian tradition. He delivered several stunning addresses before Congress in the year 2003, including: "Sorry, Mr. Franklin, We Are All Democrats Now" and "We've Been 'Neo-Conned'!".
Ron Paul: Flawed Federal Reserve Policy Puts Paper Before Gold
A hundred years ago it was called “dollar diplomacy.” After World War II, and especially after the fall of the Soviet Union in 1989, that policy evolved into “dollar hegemony.” But after all these many years of great success, our dollar dominance is coming to an end.
It has been said, rightly, that he who holds [...]
The Gold Standard is Required to Preserve Liberty
The cost of war is enormously detrimental; it significantly contributes to the economic instability of the nation by boosting spending, deficits, and inflation. Funds used for war are funds that could have remained in the productive economy gto raise the standard of living of Americans now unemployed, underemployed, or barely living on the margin.
Yet even [...]
In Gold We Trust, Not U.S. Dollars
The financial press, and even the network news shows, have begun reporting the price of gold regularly. For twenty years, between 1980 and 2000, the price of gold was rarely mentioned. There was little interest, and the price was either falling or remaining steady.
Since 2001 however, interest in gold has soared along with its price. [...]
