Posted on July 31st, 2007 by David
Filed under: Ron Paul 2008 | No Comments »

Posted on July 31st, 2007 by David
Filed under: Ron Paul 2008 | No Comments »

Posted on July 31st, 2007 by David
Filed under: Ron Paul 2008 | No Comments »

Posted on July 31st, 2007 by David
Filed under: Ron Paul 2008 | No Comments »

Posted on July 30th, 2007 by David
Filed under: Ron Paul 2008 | No Comments »

Speeches And Statements

HON. RON PAUL OF TEXAS
IN THE HOUSE OF REPRESENTATIVES
September 5, 2003

All great republics throughout history cherished sound money. This meant that the monetary unit was a commodity of honest weight and purity. When money was sound, civilizations were found to be more prosperous and freedom thrived. The less free a society becomes, the greater the likelihood its money is being debased and the economic well-being of its citizens diminished.

Alan Greenspan, years before he became Federal Reserve Board Chairman in charge of flagrantly debasing the U.S. dollar, wrote about this connection between sound money, prosperity, and freedom. In his article ‘Gold and Economic Freedom’ (The Objectivist, July 1966), Greenspan starts by saying: ‘An almost hysterical antagonism toward the gold standard is an issue that unites statists of all persuasions. They seem to sense ‘that gold and economic freedom are inseparable.’ Further he states that: ‘Under the gold standard, a free banking system stands as the protector of an economy’s stability and balanced growth.’ Astoundingly, Mr. Greenspan’s analysis of the 1929 market crash, and how the Fed precipitated the crisis, directly parallels current conditions we are experiencing under his management of the Fed. Greenspan explains: ‘The excess credit which the Fed pumped into the economy spilled over into the stock market- triggering a fantastic speculative boom.’ And, ‘By 1929 the speculative imbalances had become overwhelming and unmanageable by the Fed.’ Greenspan concluded his article by stating: ‘In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.’ He explains that the ’shabby secret’ of the proponents of big government and paper money is that deficit spending is simply nothing more than a ’scheme for the hidden confiscation of wealth.’ Yet here we are today with a purely fiat monetary system, managed almost exclusively by Alan Greenspan, who once so correctly denounced the Fed’s role in the Depression while recognizing the need for sound money.

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Posted on July 30th, 2007 by David
Filed under: Ron Paul 2008 | No Comments »