As 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 PaulWe in the Congress have a moral and constitutional obligation to protect the value of the dollar and to understand why it is so important to the economy that a central bank not be given the unbelievable power of inflating a currency at will and pretending that it knows how to fine-tune an economy through this counterfeit system of money.
Ron PaulThe catch-all phrase "the war on terrorism", in all honesty, has no more meaning than if one wants to wage a war against "criminal gangsterism". Terrorism is a tactic. You can't have a war against a tactic. It's deliberately vague and non-definable in order to justify and permit perpetual war anywhere and under any circumstance.
Ron Paul