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 PaulThe Founders warned that a free society depends on a virtuous and moral people. The current crisis reflects that their concerns were justified.
Ron PaulWhen the goal of political action is no longer the defense of liberty, no word other than demagoguery can describe the despicable nature of politics.
Ron PaulThe concept of equal pay for equal work is not only an impossible task, it can only be accomplished with the total rejection of the idea of the voluntary contract... The idea that a businessman must hire anyone and is prevented from firing anyone for any reason he chooses, and in the name of rights, is a clear indication that the basic concept of a free society has been lost.
Ron Paul