First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.
Ron PaulI would say nobody is perfect. I don't know all the answers. I have don't want to run people's lives and run the world and run the economy. So, my qualifications are a little bit different.
Ron PaulRemember, politicians get votes by promising everything to everyone, always at the expense of some other invisible taxpayers.
Ron PaulStrictly speaking, it probably is not โnecessaryโ for the federal government to tax anyone directly; it could simply print the money it needs. However, that would be too bold a stroke, for it would then be obvious to all what kind of counterfeiting operation the government is running. The present system combining taxation and inflation is akin to watering the milk; too much water and the people catch on.
Ron PaulThis is the deadening consensus that crosses party lines, that dominates our major media, and that is strangling the liberty and prosperity that were once the birthright of Americans. Dissenters who tell their fellow citizens what is really going on are subject to smear campaigns that, like clockwork, are aimed at the political heretic. Truth is treason in the empire of lies.
Ron Paul