The most sinister of all taxes is the inflation tax and it is the most regressive. It hits the poor and the middle class. When you destroy a currency by creating money out of thin air to pay the bills, the value of the dollar goes down, and people get hit with a higher cost of living. It's the middle class that's being wiped out. It is most evil of all taxes.
Ron PaulIt is no coincidence that the century of total war coincided with the century of central banking.
Ron PaulI want to be president mainly for what I don't want to do: I don't want to run your life, I don't want to run the economy, and I don't want to police the world.
Ron PaulThe federal war on drugs is a total failure... The federal government's going in there and overriding state laws... Why don't we handle the drugs like we handle alcohol? ... I fear the drug war because it undermines our civil liberties. It magnifies our problems on the borders. We've spent over the last 40 years a trillion dollars on this war and - believe me - the kids can still get the drugs. It just hasn't worked.
Ron PaulAs bank customers, we tend to believe that we can have both perfect security for our money, drawing on it whenever we want and never expecting it not to be there, while still earning a regular rate of return. In a true free market, however, there tends to be a tradeoff: you can enjoy a money warehouse or you can hope for a return on your investment. You can't usually have both. The Fed, however, by backing up this fractional-reserve system with a promise of endless bailouts and money creation, attempts to keep the illusion going.
Ron Paul