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 PaulWe need to understand the more government spends, the more freedom is lost...Instead of simply debating spending levels, we ought to be debating whether the departments, agencies, and programs funded by the budget should exist at all.
Ron PaulThink of what happened after 9/11, the minute before there was any assessment, there was glee in the administration because now we can invade Iraq, and so the war drums beat.
Ron PaulThe concept of equal pay for equal work is not only an impossible task, it can only be accomplished with the total rejection of the idea of the voluntary contract... The idea that a businessman must hire anyone and is prevented from firing anyone for any reason he chooses, and in the name of rights, is a clear indication that the basic concept of a free society has been lost.
Ron Paul