From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.
Ron PaulI think a submarine is a very worthwhile weapon. I believe we can defend ourselves with submarines and all our troops back at home. This whole idea that we have to be in 130 countries and 900 bases... is an old-fashioned idea.
Ron PaulI'm always looking for an opportunity to bring progressive Democrats together with some conservative libertarian types, because there are places where we can agree.
Ron PaulBanning guns because of their misuse is like banning the First Amendment because one might libel or slander.
Ron PaulIdeas are very important to the shaping of society. In fact, they are more powerful than bombings or armies or guns. And this is because ideas are capable of spreading without limit. They are behind all the choices we make. They can transform the world in a way that governments and armies cannot. Fighting for liberty with ideas makes more sense to me than fighting with guns or politics or political power. With ideas, we can make real change that lasts.
Ron Paul