Time for Some Real Change

by Rep Ron Paul

One reason people are unhappy with the way politics and governments operate is that people who run for office are known to “say one thing and do another.”  Thus, we have the call for “change.”

Candidates for high office make frequent use of that word.  Even our House Republican Conference’s recently released slogan highlights that word.

Yet, bringing about change is easier said than done.  The American people are aware that government is broken and must be fixed.  They will demand more than lip service as our problems become more severe.

Details

War and the Destruction of the Economy

by Rep Ron Paul

What is the importance of the war in Iraq  relative to other current issues?  This is a question I am often asked, especially as Americans continue to become increasingly aware that something is very wrong with the economy.   The difficulty with the way the question is often asked relates to the perception that we are somehow able to divide such issues, or to isolate the cost of war into arbitrarily defined areas such as national security or international relations.

War is an all-encompassing governmental activity.  The impact of war on our ability to defend ourselves from future attack, and upon America ‘s standing in the world, is only a mere fraction of the total overall effect that war has on our nation and the policies of its government.

Details

The Falling Dollar and Rising Energy Prices

by Rep Ron Paul

Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge.  How high can prices go?  How can we solve these problems?  What, or who, is to blame?

Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal Reserve System.  The Federal Reserve is charged with controlling inflation through interest rate manipulation, however, many fail to realize that creating money, and therefore inflation, is really its only tool.  When the Federal Reserve inflates the dollar as drastically as it has in the past few decades, the first users of the newly created money go in search of investments for their dollars.  They must invest this money quickly and aggressively before it loses value. 

Details

Another Casualty of War: The Economy

by Rep Ron Paul

This week, as the American economy continued to suffer the effects of big government, the House attempted to pass two multibillion dollar “emergency” spending bills, one for continued spending on the war in Iraq , and one increasing spending on domestic and international welfare programs.  The plan was to pass these two bills and then send them to the president as one package.

Even though the House failed to pass the war spending bill, opponents of the war should not be fooled into believing this vote signals a long term change in policy.  At the end of the day, those favoring continued military occupation of Iraq  will receive every penny they are requesting and more as long as they agree to dramatically increase domestic and international welfare spending as well.

Details

Who Is Responsible for the Housing Bubble?

by Rep Ron Paul

The House passed two bills attempting to rehabilitate the housing and mortgage market this week.  There doesn’t seem to be any shortage of criticism and blame for the bad decisions, and rightly so.

Lenders and banks do share much of the blame for the overheated market.  Lending standards were relaxed, or even abandoned altogether, creating an exaggerated pool of homebuyers that led to ballooning home prices that many, especially real estate investors, expected to continue forever.  Now that the bubble has burst, the losses are staggering.

Details

The Double Trouble of Taxation

by Rep Ron Paul

Taxes were on the forefront of many Americans’ minds this week as they scrambled to meet the April 15th deadline to file their returns.  Tax policy in this country hurts taxpayers twice – once when they pay taxes, and then when the government spends the money.  Americans are sick and tired of the financial burden and the endless forms to fill out.

To add insult to injury, after collecting this money the government does some very detrimental things to the economy.

Details