The most important element of a free society, where individual rights are held in the highest esteem, is the rejection of the initiation of violence.
Ron PaulWhy is it that some people, you know, think we should obey the Constitution sometimes and not other times.
Ron PaulWhen things go badly, individuals look for scapegoats. I just do not believe that barbed-wire fences or guns on our border will solve any of our problems.
Ron PaulThe Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.
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 Paul