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Question: ...you believe the Fed shouldnt exist... make the case. — Ron Paul

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"Question: ...you believe the Fed shouldnt exist... make the case. Ron Paul: First reason is, its not authorized in the Constitution, its an illegal institution. The second reason, its an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, wed be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. This station talks about free market capitalism, and you cant have free market capitalism if you have a secret bank creating money and credit out of thin air. They become the central planners, they decide what interest rates should be, what the supply of money should be... Question: How does the gold standard solves that? Ron Paul: It maintains a stable currency and a stable value. If the Fed concentrated more on stable money rather than stable prices... They push up new money in stocks and in commodities and in houses, and then they have to come in to rescue the situation. They create the bubbles, then they come in and rescue it, and they do nothing more than try to do price fixing. Capitalism depends, and capital comes from savings, but theres no savings in this country, so this is all artificial. It creates the misdirection and the malinvestment and all the excessive debt, and it always has to have a correction. Since the Fed has been in existence, the dollar has lost about 97% of its value. Youre supposed to encourage savings, but if something loses its value, why save dollars? Theres no encouragement whatsoever. [...] Gold is 6000 years old, and it still maintains its purchasing power. Oil prices really are very stable in terms of Gold. [...] Both conservatives and liberals want to enhance big government, and this is a seductive way to tax the middle class."
Ron Paul
Ron Paul
Ron Paul
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Ronald Ernest Paul is an American author, activist, medical doctor, and former politician who served as the U.S. representative for Texas's 22nd congressional district from 1976 to 1977, and again from 1979 to 1985, as well as for Texas's 14th congressional district from 1997 to 2013. On three occasions, he sought the presidency of the United States, first as the Libertarian Party nominee in 1988,

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"In the end, nothing happened. Basically, the night of the debate, I was down there, and I reacted to what I perceived Ron Paul to have said, which is basically to blame America for the attacks of 9/11. The next day, everybody talked about it, the reports came out, people read the transcripts, and he didnt actually say that. He said, he was talking about American policy, and the effects of American policy there. And the reality is, we never introduced any resolution, there was never a petition, and that morning we basically just dropped the subject. [...] Ive invited Ron Paul, Ive invited all the candidates. Every candidate has been invited to come to Mackinac, if hes available and he can make it, wed love to have him. [...] Actually Id argue they ought to make me the honorary national co-chairman for the Ron Paul campaign, because what Ive probably started doubled his name ID and got him more exposure that hed have ever gotten on his own. So from that regard you guys ought to be sending me flowers rather than nasty emails, give me a break. [...] Whoever the Republican nominee, Ill be out there supporting him, and if its Ron Paul, Ill be front and center."
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"You cant have a government like this without an income tax, but we dont want a government like this. This is not the type of government that was designed by the founders of the country. This is not what was written in the Constitution. Weve only had an income tax since 1913. But if you want a welfare state, and if you want to police the world and pay for the defense of Japan and Germany, give foreign aid to the Soviet Union. You not only need the income tax you need the Federal Reserve to print up the money when the deficit is accumulated. So we think that government should be smaller. If government is small, then you dont need the income tax."
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"After 200 years, the constitutional protection of the right of the individual to life, liberty, and the pursuit of happiness is virtually gone. Today’s current terminology describing rights reflects this sad change. It is commonplace for politicians and those desiring special privileges to refer to: black rights, Hispanic rights, handicap rights, employee rights, student rights, minority rights, women’s rights, gay rights, children’s rights, student rights, Asian-American rights, Jewish rights, AIDS victims’ rights, poverty rights, homeless rights, etc. Unless all the terms are dropped & we recognize that only an individual has rights, the solution to the mess in which we find ourselves will not be found. The longer we lack of definition of rights, the worse the economic and social problems will be."
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"There is no ethical idea which it [dharma] has not stressed, put in its most ideal and imperative form, enforced by teaching, injunction, parable, artistic creation, formative examples. Truth, honour, loyalty, fidelity, courage, chastity, love, long-suffering, self-sacrifice, harmlessness, forgiveness, compassion, benevolence, beneficence are its common themes, are, in its view, the very stuff of a right human life, the essence of mans dharma. Buddhism, with its high and noble ethics, Jainism, with its austere ideal of self-conquest, Hinduism, with its magnificent examples of all sides of the Dharma, are not inferior in ethical teaching and practice to any religion or system, but rather take the highest rank and have had the strongest effective force."
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"Our units of temporal measurement, from seconds on up to months, are so complicated, asymmetrical and disjunctive so as to make coherent mental reckoning in time all but impossible. Indeed, had some tyrannical god contrived to enslave our minds to time, to make it all but impossible for us to escape subjection to sodden routines and unpleasant surprises, he could hardly have done better than handing down our present system. It is like a set of trapezoidal building blocks, with no vertical or horizontal surfaces, like a language in which the simplest thought demands ornate constructions, useless particles and lengthy circumlocutions. Unlike the more successful patterns of language and science, which enable us to face experience boldly or at least level-headedly, our system of temporal calculation silently and persistently encourages our terror of time. ... It is as though architects had to measure length in feet, width in meters and height in ells; as though basic instruction manuals demanded a knowledge of five different languages. It is no wonder then that we often look into our own immediate past or future, last Tuesday or a week from Sunday, with feelings of helpless confusion."
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