by Rep Ron Paul This week the bailout of the Big Three automakers was under heavy consideration in Congress’s lame duck session. I have always opposed government bailouts of private organizations. Back in 1979 Congress had hearings about bailing out Chrysler and I was on record pointing out that these types of policies are foolish [...]
Tag Archives | Economy
Spending the Economy into Oblivion
by Rep Ron Paul With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington:Â How will we pay for this? While a few Members of Congress have raised the issue, it certainly was not the primary concern of [...]
Capitalism Without Capital?
by Rep Ron Paul It has been long understood that our federal government is going deeper into debt, consistently raising the debt ceiling and demonstrating no fiscal restraint. In recent years, debt ceiling increases have been placed in “must pass†legislation as a means to guarantee that Republicans as well as Democrats would vote for [...]
The Do-Something Congress
by Rep Ron Paul It has not been a good week for the Republic. It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would. The bailout failed the first time it was brought to the House. Undaunted, the Senate pressed on by attaching the bailout [...]
Economics and the Meltdown
by Rep Ron Paul The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment [...]
Financial Advice from the Founding Fathers
by Chuck Norris, WorldNetDaily America is broke. Wall Street is going out of business. The government is borrowing and bailing like there is no tomorrow. Americans anxiously await the full impact of a second Great Depression. And we all are longing and looking for solutions and saviors. Well, have no fear. Our founders are here.
A problem of regulation?
by Mark Thornton, Mises Economics Blog The financial panic that has engulfed the planet is considered by politicians, bureaucrats, journalists and mainstream economists to be a problem of regulation. I find myself in the uncomfortable position of having to agree with this gang of opinion makers, but it is not a problem of insufficient regulation, [...]
Freedom is Golden
by Rep Ron Paul As the Olympics wind down, I am amazed at how things change every four years. Many Americans were glued to their televisions to watch the excitement from Beijing, and also heard announcers wax nostalgic with memories of times when the Soviet Union was the USA’s biggest competitor for Olympic gold. There [...]
How Foreign Policy Affects Gas Prices
by Rep Ron Paul We’ve heard how the value of the dollar affects gas prices – and indeed the price of everything. I was pleased that my request for a hearing on such was granted by the Financial Services committee and we were able to hear some very informative testimony. Certainly domestic policies, regarding off-shore [...]
Washington DC’s Intervention Addiction
by Rep Ron Paul One problem with politicians is that when problems they create come to a head, they typically feel this irresistible urge to DO something, rather than to UN-do something, or to simply back off to avoid exacerbating the situation. Too often, that which they end up doing has very little connection to [...]
Why the Founders Rejected a Central Bank
by Rep. Ron Paul The Latin term “fiat†roughly translates to “there shall beâ€. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the [...]
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