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 PaulI have this terrible habit of wanting to try to be consistent and develop a philosophy that's coherent.
Ron PaulOur federal government, which was intended to operate as a very limited constitutional republic, has instead become a virtually socialist leviathan that redistributes trillions of dollars. We can hardly be surprised when countless special interests fight for the money. The only true solution to the campaign money problem is a return to a proper constitutional government that does not control the economy. Big government and big campaign money go hand-in-hand.
Ron PaulIt is not democracy to send in billions of dollars to push regime change overseas. It isn't democracy to send in the NGOs to re-write laws and the constitution in places like Ukraine. It is none of our business.
Ron PaulWe should respect each other as rational beings by trying to achieve our goals through reason and persuasion rather than threats and coercion.
Ron PaulThe government does not need to know more about what we are doing. We need to know more about what the government is doing. We should be thankful for individuals like Edward Snowden and Glenn Greenwald who see injustice being carried out by their own government and speak out, despite the risk. They have done a great service to the American people by exposing the truth about what our government is doing in secret.
Ron Paul